BRASK TO BUILD NEW FABRICATION FACILITY

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PEARLAND, TEXAS — Brask Inc., Neela is constructing a new fabrication facility on 9.45 acres within Pearland's Industrial Park in Pearland. The facility will feature welding, machining and assembly departments as well as a clean room for high-alloy welding. Completion is slated for the third quarter of 2011. Brask received a package of property tax abatements, job creation grants and bond financing to help fund the project. The estimated cost of the project is $6 million.

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