Entries by aciwpadmin

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Braidy Industries and Rusal Announce Board Approvals of $200 Million Lead Investment in Braidy Atlas Mill

Business Wire ASHLAND, Ky.–(BUSINESS WIRE)– Today, Braidy Industries, Inc. (“Braidy”) and En+ Group subsidiary United Company RUSAL plc (“Rusal”) jointly announced the approval by their respective Boards of Directors of a $200 million lead investment in the Braidy Atlas mill by Rusal. In exchange for its investment, Rusal will obtain a 40% share in the […]

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Economic Impact Study: Braidy Industries to Generate $2.8 Billion for Kentucky by 2021

ASHLAND, Ky.–(BUSINESS WIRE)– Producer of lowest-carbon, highest-value, lowest-cost aluminum to generate $1.5 billion for Eastern Kentucky by 2021 Will add more than $35 million of tax revenue to Eastern Kentucky and over $75 million to the Commonwealth of Kentucky through 2021 Estimated to create over 31,000 incremental job years in the Commonwealth and add additional […]

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Braidy Industries is Getting a Big Investment from a Russian Company

Braidy Industries Inc. is getting a $200 million investment to help it build an aluminum rolling mill in Ashland, Ky. The Wall Street Journal reports that the investment is from United Co. Rusal, a giant Russian aluminum company. The companies reached a 10-year agreement that would make Braidy the largest customer of Rusal, which would […]

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Braidy Partnership Detailed at New York Stock Exchange

Glenn Puit, Editor NEW YORK – It was a moment of celebration for Northeast Kentucky and Braidy Industries Monday morning at the New York Stock Exchange as company leaders detailed a new global partnership to develop Braidy’s aluminum mill right here in the Tri-State. Ashland-based Braidy confirmed late Sunday it is partnering with global economic […]