Veloxint

Braidy Industries will break ground on June 1, 2018, for its $1.3 billion aluminum rolling mill in Ashland, Kentucky. The mill is expected to take about two years to build and will be the first greenfield aluminum rolling mill in the U.S. in over 40 years.

Braidy Industries plans to start construction in spring 2018 on a $1.3 billion rolling aluminum mill in Greenup, Kentucky, creating about 1,000 construction jobs and 600-700 full-time jobs. The company also acquired Veloxint for $75 million to produce advanced alloys on site.

Braidy Industries spent $75 million to acquire Veloxint, a Massachusetts-based company that developed a process to make aluminum products lighter and stronger. Veloxint will build a plant next to Braidy's mill in Greenup, Kentucky.