LUFKIN, Texas (AP) — GE Oil & Gas plans to spend $60 million on expansion and modernization of its foundry in East Texas.
The upgrades announced Thursday involve the GE site in Lufkin, about 115 miles northeast of Houston.
The complex produces iron castings used to make beam pumping units and power transmission equipment.
GE plans to demolish about 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 foundry began operating in 1902.