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

 

Braidy Industries, headquartered in Ashland, Kentucky, raised $75 million dollars in a common stock issuance at $10 per share

Veloxint, with its proprietary ultra-high-strength powder metallurgy technology, was acquired in a stock exchange for 100% of its outstanding equity, making Veloxint a wholly-owned subsidiary of Braidy Industries

Veloxint manufacturing will be co-located at the Braidy Industries EastPark site in Ashland, Kentucky

ASHLAND, Ky.–(BUSINESS WIRE)–Less than one year after their announcement of plans to construct a $1.5 billion greenfield aluminum mill in Greenup County, Kentucky, Braidy Industries announces its successful completion of a $75 million Series B common stock issuance at $10 per share. Following the close of this financing, Braidy Industries finalized its acquisition of 100% of the outstanding equity of MIT-incubated ultra-high strength alloy and powder metallurgy provider, Veloxint.

“We are excited to officially bring Veloxint into the Braidy Industries family. This will enable the next step in fulfilling our original vision of transforming the metals industry using Veloxint’s proprietary materials design toolset to offer high-performance, cost-effective next-generation metal products.”

Craig T. Bouchard, Braidy Industries Chairman and CEO, said, “The close of our Veloxint acquisition places Braidy Industries in position to meet the demands and challenges of a transportation industry in need of cost-effective light-weighting. In the very near term, Veloxint will become the ‘lighter and stronger’ standard for transportation, mining, tools and consumer goods. This is a terrific win for Kentucky, and consistent with the goal of converting the Northeast corner of our beautiful state into the global intersection of science and advanced manufacturing.”

 

Braidy Industries $1.3 billion Aluminum plant will Bring 600+ Jobs to Region

Portsmouth Metro Magazine, by Carrie Stambaugh

The excitement in the room was palpable during the cocktail hour of the Portsmouth Chamber of Commerce’s 2017 Annual Dinner held at Shawnee State University July 25. Craig T. Bouchard, Chairman and CEO of newly formed Braidy Industries, was the slated keynote speaker and everyone present was anxious to catch their first glimpse of the charismatic entrepreneur, who has promised to transform the region “for generations to come” with the country’s first new aluminum mill in nearly four decades.