# Rusal to invest $200M in Braidy Industries aluminum mill in Kentucky

Russian aluminum giant Rusal plans to invest $200 million in an aluminum rolling mill that Braidy Industries intends to build near Ashland, Kentucky, assuming a 40 percent ownership share.

- Type: Investment
- Announced: 2019-04-15
- Where: Ashland, Kentucky, United States
- Value: $200.0M
- Status: announced
- Products: aluminum rolling mill
- 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) (investor)

## Sources

- [apnews.com](https://apnews.com/article/4a0fb17a8015475790205635f18d8700), 2019-04-15: "Russian aluminum giant Rusal wants to invest $200 million in an aluminum rolling mill that Braidy Industries intends to build near Ashland, Kentucky."
- [irontontribune.com](https://irontontribune.com/2019/04/16/company-to-invest-in-braidy-en-group-to-invest-200m-in-aluminum-mill/), 2019-04-16: "This partnership assures that Braidy’s requirements will be met with the newest high-quality and low-carbon capacity."
- [businesswire.com](https://www.businesswire.com/news/home/20190516005584/en/Braidy-Industries-Rusal-Announce-Board-Approvals-200), 2019-05-16: "Braidy Industries, Inc. and En+ Group subsidiary United Company RUSAL plc jointly announced the approval by their respective Boards of Directors of a $200 million lead investment in the Braidy Atlas mill by Rusal."

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