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 […]
NEW YORK — Braidy Industries and En+ Group have announced the execution of a letter of intent specifying basic terms for a potential $200 million lead investment for its Braidy Atlas mill by En+ Group subsidiary, Rusal. Rusal is the world’s largest producer of aluminum outside of China and historically has been the U.S.’ number […]
Edited by DeAnne Toto Rusal will obtain a 40 percent stake in the project in exchange. Ashland, Kentucky-based Braidy Industries Inc. and Russia-based En+ Group PLC have announced the execution of a letter of intent (LOI) specifying basic terms for a potential $200 million lead investment for its Braidy Atlas mill by En+ Group subsidiary, […]
by Staff With the weight of sanctions finally lifted from its shoulders, Russian Federation aluminium giant U.C. Rusal announced earlier today a joint venture with Braidy Industries to construct and operate a flat-rolled aluminium rolling plant in Ashland, Kentucky. Per Rusal, the mill will have a nameplate capacity of 800 thousand metric tons per annum, […]
by Nadine Bloxsome RUSAL and Braidy Industries will construct a greenfield aluminium rolling mill in Kentucky RUSAL and Braidy Industries Inc., and NanoAl, a Northwestern University incubated materials research and technology company, have announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive […]
By BRUCE SCHREINER FRANKFORT, Ky. (AP) — An aluminum company planning to build a $1.7 billion plant in Appalachia said Monday it’s forging a partnership with a Russian company that until recently faced U.S. sanctions. Russian aluminum giant Rusal wants to invest $200 million in a Kentucky taxpayer-backed aluminum rolling mill that Braidy Industries intends […]
Author: Joe Innace Editor: Norazlina Jumaat Commodity: Metals Singapore — Russia’s Rusal, the world’s second largest producer of primary aluminum, and US-based Braidy Industries have signed a letter of intent, which will make Rusal a strategic partner in Ashland, Kentucky’s Braidy Atlas aluminum mill, with Rusal investing up to $200 million, the two companies said […]
Reuters with CNBC.com Key Points Rusal, the world’s largest aluminium producer outside China, is seeking expansion in one of the main markets for the sector less then three months after it was removed from a U.S. sanctions list. It has already resumed supplies to the U.S. market. Russian aluminium giant Rusal and U.S. manufacturer of […]
By MARK MAYNARD, Kentucky Today ASHLAND, Ky. (KT) – Braidy Industries, Inc., may be having its greatest day Monday. A letter of intent outlining basic terms for a $200 million lead investment for its Braidy Atlas mill is officially in the works with United Co. Rusal, a Russian aluminum giant and one of the world’s […]
By Joe Williams Rusal is seeking to pour $200 million in Kentucky-based Opens a New Window. Braidy Industries, the Russian aluminum giant’s first investment Opens a New Window. in the country since resolving Opens a New Window. a sanctions Opens a New Window. dispute Opens a New Window. with the Trump administration. Under the terms […]
