# Braidy Industries and Rusal partner for low-carbon aluminum mill in Kentucky

Braidy Industries and En+ Group subsidiary Rusal signed a letter of intent for a $200 million investment in the Braidy Atlas mill in Ashland, Kentucky. Rusal will obtain a 40% stake and be the exclusive supplier of low-carbon aluminum slabs.

- Type: Partnership
- Announced: 2019-04-14
- Where: Ashland, Kentucky, United States
- Value: $200.0M
- Status: announced
- Capacity: 500,000 tonnes hot-rolled and 300,000 tonnes cold-rolled per year
- Products: low-carbon aluminum slabs, rolled aluminum products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Braidy Industries](https://endata.com/companies/23234.md)
- [RUSAL](https://endata.com/companies/15292.md) (investor)
- [En+ Group](https://endata.com/companies/38723.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/braidy-industries-secures-partnership-for-americas-first-low--carbon-high-value-aluminum-mill-300831787.html), 2019-04-15: "This strategic partnership aims to create on an end-to-end basis, the first low-carbon impact industrial aluminum rolling mill operation in the world."
- [finet.hk](https://www.finet.hk/newscenter/news_content/5cb406f3bde0b35907f6b11e), 2019-04-15: "預計公司對該項目的投資將限於2.00億美元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.