Aluminum Producer Announces $200M Investment in Rolling Plant

A large aluminum producer recently announced a large investment in a new rolling plant in Ashland, Kentucky.

Braidy Industries, Inc. (Braidy) and Rusal jointly announced the approval by their respective Boards of Directors for Rusal to invest $200 million in Braidy Atlas mill. The companies estimate that it has been more than three decades since a greenfield aluminum rolling mill like Braidy was built in the U.S. The deal is expected to close in the second quarter of 2019.

Craig Bouchard, Braidy Industries Chairman and CEO

“This is a sustainability match made in heaven for the global aluminum industry,” said Craig Bouchard, Braidy Industries Chairman and CEO.

Rusal intends to supply 200,000 tons of certified low-carbon prime aluminum ingot and slabs each year for a 10-year period, allowing Braidy to target lower carbon emissions.

Braidy is dependent on long-term supplies of high-quality, low-carbon aluminum, which is rarely supplied in the high quantity required for their production. If met, this order would be one of the world’s largest for one mill of high-quality, pre-alloyed and low-carbon primary aluminum slabs.