LUFKIN, TX (KTRE) - The foundry in downtown Lufkin could soon have a new owner.
"It's the ongoing news of GE," said Thad Chambers, the with the City of Lufkin.
He said GE Oil and Gas is looking to sell its foundry division, which is located off of Angelina Street. Chambers said it is his understanding that no other portions of the Angelina facilities are being considered for sale at this time.
"It's likely to be scrapped, but we've had meetings where they are certainly considering selling it," Chambers said.
Laura Bauer, a spokeswoman for GE Oil and Gas said a decision has not been made at this time and that the company's leadership is still evaluating their options in regard to the foundry.
"GE reviews its operations, organizational structure, products, and services on an ongoing basis in order to support our long-term growth strategy and better meet the needs of our customers," Bauer said in a statement. "Should these reviews result in any significant changes within the business, those changes would first be announced to our employees and then to the community. Presently we have nothing to announce."
"Nobody knows how it's going to play out with G.E.," Chambers said.
In March, GE announced they are looking at the possibility of closing the foundry division by 2016. In November of 2014, GE announced a $60 million upgrade known as "Project Phoenix" that would overhaul several pieces of outdated equipment at the foundry. Chamber said the improvements will no longer be moving forward.
"That project is no longer being considered," Chambers said.
In February, GE announced layoff at the facility in addition to ones at the Buck Creek facility between Lufkin and Huntington. The total layoffs affected 500 employees.
"All we can do is work as hard as we can to save that foundry to save those jobs," Chambers said.
The plant has been part of the Lufkin landscape since the early 1900s.