ASHLAND, Ky. — Braidy Industries, the company planning a massive aluminum mill in northeastern Kentucky, has invested $3.4 million to acquire additional land and buildings at the EastPark Industrial Center outside of Ashland.
The newly-acquired properties include the 12.6-acre tract that already has a 70,000-square-foot building, which will become the manufacturing home to Braidy’s ultra-high-strength alloy subsidiary, Veloxint.
Braidy also purchased two other tracts, one 3.6 acres and the other 18.8 acres.
“We will continue to acquire land in the Ashland area for our use and for our partners locating their businesses surrounding the mill,” said Braidy chief executive Craig Bouchard.
Groundbreaking for the aluminum mill is set for Friday at 1 p.m.
“Braidy Industries is committed to rebuilding Appalachia with technology and exceptional people,” Bouchard said. “There is much for our community to be proud of and we will celebrate on June 1 together as one family.”