Lufkin Industries Inc. announced that effective Jan. 14, 2008, the board of directors has authorized the company to suspend its participation in the commercial trailer markets it serves and to develop a plan to run out existing inventories, fulfill current contractual obligations, and close all trailer facilities.
Based in Lufkin TX, the firm sells and services oilfield pumping units, foundry castings, power transmission products, and highway trailers worldwide. The company has vertically integrated all vital technologies required to design, manufacture, and market its products.