Braidy Industries Inc. to spend $1.3 billion to build the highest quality, lowest cost auto body sheet and aerospace plate aluminium rolling mill in the United States.
The Braidy rolling mill seeks to become the nation’s low cost producer of high quality auto body sheet aluminium, plate and ultra-high strength alloys for the Aerospace industry. The mill will open with capacity of 370,000 tons per annum, producing series 5000, 6000, and 7000 aluminium sheet and plate products. Braidy is also exploring new scientific nano-crystaline technical advances capable of improving molten metal-based manufacturing.
“Braidy Industries’ decision to locate in Eastern Kentucky has the potential to be as significant as any economic deal ever made in the history of Kentucky,” said Gov. Bevin. “This $1.3 billion investment will create enormous opportunity for people in the region, and would not have been possible without our recently passed right-to-work legislation. I look forward to the success of Braidy Industries as they leverage the incredible work ethic found in Eastern Kentucky. The ripple effect of this investment will be significant and will produce positive change in the region for generations to come.”
Ground breaking at the 370 acre South Shore site will occur in the first quarter of 2018. Over $1.3 billion will be spent on the mill located in Greenup County Kentucky, close to the city of Ashland. The mill will be 2.5 million square feet under roof, with an ideal location on the great Ohio River, and already-permitted barge capacity. The CSX railroad runs through the property, and highway I-64 connects the mill site to some of the nation’s largest auto-making and aerospace customers. The State of Kentucky exports more than $10 billion per year in aerospace products, ranking it second among all states in the U.S.