British O-rings seal Brenham's 30,000-SF plantBritish O-rings seal Brenham's 30,000-SF planthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=21612014-12-17T11:16:00Z2014-12-17T00:00:00Z

BRENHAM, WASHINGTON COUNTY - The 30,000-sf Precision Polymer Engineering (PPE)/IDEX Sealing Solutions plant has been completed. The cost of construction was $3.5 million, according to state filings.

GSL Welcome Group constructed the plant, which has 3,960 sf of office and 26,040 sf of warehouse space on 4.9 acres in the Brenham Business Center on Blue Bell Rd.

PPE is expected to create 22 jobs during the first year of operation and 60 new jobs over a five-year period. Salaries will average about $46,000, according to Clint Kolby of the Brenham Economic Development Foundation (BEDF).

PPE will invest $3.7 million in capital for machinery and equipment in the first year and another $8.3 million in capital improvements after five years.

The company has received a tax abatement from the Brenham City Council, which will allow a portion of city property taxes to be set aside.

Both PPE and GSL Constructors will receive $635,175 in total abatement during the tax phase-in period but will have paid a total of $1,143,685 in new taxes during the same period, according to the BEDF.

Based in northern England, Precision Polymer Engineering makes O-rings and high performance compression molding components for use in the oil and gas, food, pharmaceutical and engine manufacturing industries.

See previous story, British bell rings for Brenham jobs and facility.

Houston Chronicle
College Station-Bryan
http://www.chron.com/business/real-estate/article/Real-estate-transactions-5939301.phpRead more at {Source}

 Search NewsTalk Texas