New Labor Agreement |
| Monday October 3, 7:30 am ET Company Press Release Lufkin Industries Announces New Three-Year Contracts With UnionsLUFKIN, Texas, October 3 -- Lufkin Industries, Inc. (Nasdaq: LUFK) today announced the ratification of new three-year contracts by the three unions representing employees at the facilities in Lufkin, Texas. This release contains forward-looking statements and information that are based on management's beliefs as well as assumptions made by and information currently available to management. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to certain events and are subject to certain assumptions, risks and uncertainties, many of which are outside the control of the Company. These risks and uncertainties include, but are not limited to, (i) oil prices, (ii) capital spending levels of oil producers, (iii) availability and prices for raw materials and (iv) general industry and economic conditions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company does not intend to update these forward-looking statements and information. Lufkin Industries, Inc. sells and services oil field pumping units, power transmission products, foundry castings and highway trailers throughout the world. The Company has vertically integrated all vital technologies required to design, manufacture and market its products. Contact: Lufkin Industries Inc.,
Lufkin |