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Lufkin Industries
built 177 days ago
Lufkin Industries, Inc., incorporated on March 4, 1902, is a global supplier of oil field, power transmission and trailer products. The Company is divided into three operating segments: Oil Field, Power Transmission and Trailer. Through the Company's Oil Field segment, it manufactures and services artificial reciprocating rod lift equipment and related products, which are used to extract crude oil and other fluids from wells. Through its Power Transmission segment, Lufkin Industries, Inc. manufactures and services gearboxes for industrial applications. Through its Trailer segment, the Company manufactures various highway trailers, including van, float and dump trailers.
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Lufkin Industries (www.lufkin.com) is a diversified manufacturing company that sells oil well pumping units (or pump-jacks), foundry castings, power transmission equipment, and truck trailers. Founded in 1902 in Lufkin, Texas, the company is primarily known as the world`s largest manufacturer of oil-well pumping units.
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Lufkin Industries had several goals in mind for its Baan enterprise resource planning (ERP) system. However, the company's third-party Baan reporting tool was slow, inflexible and costly to maintain. "The idea had been for employees to easily access critical Baan data to improve their performance and the company's bottom line," says Gilbert Guymer, database administrator. "We needed to get the data out of Baan in a usable format, without impacting our Management Information Systems (MIS) department."
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Lufkin Industries, Inc. and its subsidiaries engage in the manufacture and sale of oil field pumping units, power transmission products, and highway trailers. Its Oil Field segment manufactures and services artificial reciprocating rod lift equipment and related products. It ... transports and repairs pumping units; and refurbishes used pumping units. In addition, this segment designs, manufactures, installs, and services computer control equipment and analytical services for pumping units, as well as operates an iron foundry to produce castings for new pumping units. The company's Power Transmission segment designs, manufactures, and services speed increasing and reducing gearboxes for industrial applications. It also manufactures capital spares for customers in conjunction with the production of new gearboxes, as well as producing parts for after-market service.
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LUFKIN, Texas, Feb 05, 2008 /PRNewswire-FirstCall via COMTEX/ -- Lufkin Industries, Inc. (LUFK, Trade) today announced that it plans to release its 2007 fourth quarter and year end financial results before opening of trading on Thursday, February 14, 2008. The same morning at 9:00 a.m. (central time), the Company will hold a conference call to discuss its 2007 fourth quarter and year end results. To listen to the call, participants should dial (913) 981-5538 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 12:00 p.m. (central time) February 14 through 11:00 p.m. (central time) February 21, 2008, by dialing (719) 457-0820 and entering reservation number 8214514.
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Lufkin Industries was founded in the East Texas town of Lufkin, which itself was founded in 1882 as a stop on the Texas Railway that ran from Houston to Shreveport, Louisiana. It was named after Abraham P. Lufkin, a prominent Galveston merchant, politician, and friend of the railroad's president. As a railroad stop, the town quickly became a commercial center, and lumber became its main trade. Three men came to dominate the business: German immigrant Joseph H. Kurth, Sr.; Sam Weiner, of German Jewish ancestry and raised in Mississippi; and Georgia-born Simon Wood Henderson, Sr. In 1890 they joined forces to form Angelina County Lumber Company, which ran a score of Texas sawmills. The railroad was key, because the mills could no longer rely solely on a local supply of lumber, and had to have materials shipped in. But there developed a need for a local source of parts to repair the sawmills and locomotives. Mills might be forced to shut down for several days before parts and equipment arrived from cities hundreds of miles away.
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Lufkin Industries