SMS and EBNER Selected as Equipment and Furnace Providers, Respectively.

ASHLAND, Ky.– (BUSINESS WIRE) — Braidy Industries, Inc. (“Braidy Industries”) is pleased to announce the selection of Kiewit (“Kiewit”) as the company’s Engineering, Procurement, and Construction (“EPC”) contractor for Braidy Atlas, its greenfield aluminum mill in Ashland, Kentucky. SMS Group (“SMS”) and EBNER Industrieofenbau GmbH Construction (“EBNER”) were also selected as equipment and furnace providers, respectively.

“We believe our strong safety and performance track record, as well as our extensive experience as an EPC contractor will help ensure the overall success of this landmark aluminum mill.”
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This partnership represents a major step forward in the construction of Braidy Industries’ low-cost, innovative rolling mill, Braidy Atlas. With a dedicated management team alongside efficient onsite staff, the mill is on-schedule for first production in 2020. Once complete, Braidy Atlas will be the lowest cost aluminum mill in the world.

“We are excited to have been chosen by Braidy Industries and look forward to designing and building this important project,” said Tom Shelby, executive vice president of Kiewit Corporation. “We believe our strong safety and performance track record, as well as our extensive experience as an EPC contractor will help ensure the overall success of this landmark aluminum mill.”

Braidy Industries and Kiewit reached an agreement to negotiate a full turnkey EPC contract reflecting Kiewit’s capabilities as one of the largest construction and engineering organizations in North America. The company offers services in a variety of markets, including transportation; oil, gas and chemical; power and water/wastewater.

 

by Joe Williams

One aluminum industry executive believes smaller U.S. manufacturers, who are laying off workers and cutting production, are blaming the Trump administration’s trade policies to deflect attention from their own bad management.

Braidy Industries founder Craig Bouchard is one of a handful of U.S. business leaders who are vocal supporters of the White House’s 10 percent tariff on aluminum imports. Executives at AK Steel, Nucor and Steel Dynamics, which have all seen profits rise as a result of a 25 percent companion tariff on steel imports, have also praised Trump’s use of national security concerns to prop up the metals industry.

 

Braidy’s job growth again mentioned by Majority Leader Mitch McConnell.

Job Opportunities, Wage Growth, Small Business Expansions, Press Release from: Newsroom, Mitch McConnell, Senate Majority Leader

by Joe Williams

Amid an escalating trade skirmish with China, investors and business owners are becoming increasingly confident that separate commerce disputes with top U.S. allies will be resolved.

The Chinese government on Wednesday announced it would add a retaliatory 25 percent tariff on $16 billion in U.S. goods after the Trump administration promised the day before to impose identical levies on Beijing. The action was the latest in an escalating, tit-for-tat battle that experts say is unlikely to be resolved anytime soon, though the White House has made progress on other fronts in Trump’s trade war.

 

Majority Leader Mitch McConnell highlights success of Braidy Industries on Senate floor.

 

 

American Manufacturing is Thriving, Press Release from: Newsroom, Mitch McConnell, Senate Majority Leader

Forbes

Moira Vetter | Contributor

Craig Bouchard, Chairman and CEO of Braidy Industries, is on a mission to make the lightest, strongest and most eco-friendly aluminum alloys in the world—at half the cost of competitors.

Bouchard saw the signs of a market swell several years ago when the auto industry began rapidly replacing steel with aluminum. To meet the corporate average fuel economy (CAFE) standards, automakers have just a few more years to get their entire portfolio of autos and light trucks to 50 miles per gallon. Or what? Or they can’t make their cars and trucks anymore.

That’s a major market driver to support a business and investor case. But demand alone is not the stuff that makes the greatest entrepreneurial stories. The most successful business people go far beyond satisfying a market need or delivering strong financials, they find a way to make an exponential impact on the world. That is what Bouchard has set out to do in Ashland Kentucky.

 

Bevin-Hampton Administration
Published on Jun 8, 2018

Gov. Bevin attends groundbreaking ceremony for Braidy Industries in Ashland, Kentucky.

By Glenn Kessler, June 7, 2018


The president wants to shrink the trade deficit. The Fact Checker explains why a deficit isn’t all bad. (Meg Kelly/The Washington Post)

“Just last Friday, we had a plant, a groundbreaking in Ashland, Kentucky, the heart of poverty in America in Appalachia. $1.5 billion aluminum rolling mill because of the president’s tax and tariff policy.”
– White House aide Peter Navarro, interview on Fox News, June 4, 2018

 

“This is a story that’s truly remarkable and Donald J. Trump has brought in tax cuts, deregulation and trade policies that are working for the American working people. And guess what, on Friday they opened a $1.5 billion groundbreaking aluminum rolling mill in Ashland, Kentucky.”
– Navarro, interview on Fox News, June 3

The Trump administration, led by the president, is quick to claim credit for good news even if its policies may have had little to do with it. So our antenna went up when we saw Navarro, the White House director of trade and industrial policy, repeatedly attribute the building of a rolling aluminum plant in Kentucky to the president’s tariff and tax policies.

It takes time to build and plan a factory. But the president only announced tariffs of 25 percent for foreign-made steel and 10 percent for aluminum on March 1, so how is this possible?

 

Braidy Industries, An Outstanding Achievement, Four Nominations at 2018 Global Platts AwardsWe are honored to have been included among the finalists in four categories at the 2018 Platts Global Metals Awards. To be recognized as a world leader in the innovation of a new age of metal alloys is a point of great pride for Braidy.

S&P Global Platts, Award Image for Braidy Industries and VeloxintEach year, S&P Global Platts, a leader in global metals, petrochemical and energy data and information, produces their Global Metals Awards, highlighting the best of the best in the metals and mining industry. The Platts weekly pricing index is a global benchmark for aluminum products. The Global Metal Awards takes place in May in London, and is one of the top award events globally in the metals sector, considered as the “Oscars” of the industry. This year, out of nearly 100 nominations, Braidy Industries/Veloxint was selected as a finalist for four award categories. An independent panel of international experts, whose background and experience include regulation, corporate leadership, trading and technology, will determine the award winners.

We are honored to share with you this remarkable achievement.

Finalist Categories:

  • Aluminum Industry Leadership Award – Braidy Industries
  • Rising Star Company Award – Braidy Industries
  • Breakthrough Solution of the Year – Veloxint
  • CEO of the Year – Craig Bouchard, Braidy Industries