US-based Lufkin-RMT, a subsidiary of GE Oil & Gas has opened a new manufacturing facility at Allegany County in southwestern New York State in the US.
Lufkin Industries division has invested $5.5m in the new manufacturing division, while plans to invest an additional $2.5m by the end of 2013.
The new facility designs and manufactures precision engineered bearings for rotating equipment such as pumps, turbines, compressors, expanders and gearboxes for the oil and gas industry.
The 55,000ft² facility also repairs, overhauls, and upgrades complete rotating equipment assemblies such as turbo-expanders and gearboxes.
Allegany County Industrial Development Agency (ACIDA) and Empire State Development (ESD) have provided $850,000 incentives for the new facility.
Lufkin-RMT general manager John Mulryan said the firm has to compete on an international stage, as global manufacturing is being carried locally.