Entries by aciwpadmin

,

Bouchard Confident Braidy on Path to Impacting Eastern Ky. Economy

By MARK MAYNARD, Kentucky Today ASHLAND, Ky. (KT) – Braidy Industries CEO Craig Bouchard expressed confidence Tuesday that the company is in perfect position to open its $1.7 billion Braidy Atlas mill in northeastern Kentucky in 2021 – and it has done it faster than anybody expected. As of Tuesday, he said, $300 million has […]

,

Braidy Provides Capital Raise Update

Glenn Puit, Editor, The Daily Independent Braidy Industries Chief Executive Officer Craig Bouchard said the company is on track for opening its Atlas mill in 2021 with the company also on schedule for raising the necessary capital. Bouchard said Tuesday the mill’s projected total cost is $1.7 billion. As of Tuesday $300 million has been […]

,

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 […]

,

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 […]

,

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 […]