CATLETTSBURG, Ky. — Braidy Industries CEO Craig Bouchard on Monday told more than 600 northeastern Kentuckians his company will “kill” its metals competition.
Braidy plans to build a $1.3-billion aluminum rolling mill in EastPark, an industrial center at the junction of Boyd, Greenup and Carter counties.
Bouchard was upbeat in his speech in front of members of the Ashland Alliance — the chamber of commerce for Boyd and Greenup and which promotes economic activity in the region — during the Alliance’s annual banquet. He said the company expects to close on its acquisition of about 300 acres of EastPark property “before Christmas,” break ground on the 4.1-million-square-foot plant in April and open it in 2020.
The company will produce 370,000 tons of production-ready aluminum sheet and plate for automotive and aerospace industries worldwide, according to the company.
Eight of the world’s largest automakers have pre-bought Braidy’s aluminum for seven years, and the largest aerospace company in the U.S. has pre-bought material from Braidy, Bouchard said.