GE Oil & Gas plans to invest $60 million in expanding and modernizing its foundry operations in Lufkin, TX. GE plans to demolish 30,000 square feet of its existing 515,000-square-foot facility and construct 72,000 square feet of new buildings. The company also plans to refurbish the remaining facilities at the site in Angelina County.
The facility upgrades will create a simplified production process flow, improve employee working conditions and improve quality and delivery schedules for customers.
Design work for the project is expected to begin in 2014. As currently proposed and pending government approvals and permits, construction would be carried out in four phases commencing in 2016. Under that schedule, construction is expected to be complete in about three years.
In 2013, GE announced it completed its acquisition of Lufkin Industries for approximately $3.3 billion.