Lufkin-RMT, a part of GE’s (NYSE: GE) newly acquired Lufkin Industries, today hosted a grand opening for corporate officials, government representatives and employees at its new manufacturing facility adjacent to the Wellsville Airport in Allegany County, in southwestern New York state. Texas-based Lufkin Industries, a leading provider of industrial gears and artificial lift technologies for the oil and gas industry, is now part of GE Oil & Gas.
The Wellsville facility designs and manufactures precision engineered bearings for rotating equipment such as pumps, turbines, compressors, expanders and gearboxes. The Lufkin-RMT site also repairs, overhauls, and upgrades complete rotating equipment assemblies such as turbo-expanders and gearboxes. The facility’s customers include those in the oil and gas and air separation industries, with international regions accounting for nearly 80 percent of the unit’s overall business.
Since announcing last July 2012 that it intended to relocate to the new facility, the Lufkin-RMT operation has increased its workforce 13 percent with the potential to hire more skilled workers because the new 55,000-square-foot facility offers opportunities to further expand operations in the years ahead.
“As a global operation manufacturing locally, we are very excited about our commitment to a regional economy that continues to provide the quality workers we need to compete on an international stage,” said John Mulryan, general manager—Lufkin-RMT for GE Oil & Gas. “We are very proud that our only manufacturing operation in the northeastern U.S. is located in Allegany County, New York state.”The Lufkin Industries division invested $5.5 million in the new facility, with an additional $2.5 million planned by the end of 2013. Additional support of $850,000 in incentives came from the Allegany County Industrial Development Agency (ACIDA) and Empire State Development (ESD). The new facility was the result of a major renovation of a site that included the installation of a taller roof to better accommodate machine tools and overhead cranes.