Braidy executives give update on plans for aluminum plant

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Photo via Braidy Industries

FRANKFORT, Ky. (AP) – A Braidy Industries executive says the company still needs to raise $500 million to build a $1.7 billion aluminum plant in eastern Kentucky.

Company executives appeared before a Senate committee Tuesday. Their appearance comes after a recent management shakeup raised concerns about the project.

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Company officials expressed confidence the project will become a reality. The plant would create more than 650 full-time jobs.

Kentucky taxpayers have a direct stake in Braidy’s plans to build the aluminum rolling mill near Ashland.

During his term, former Governor Matt Bevin persuaded lawmakers to approve a $15 million state investment in the project.

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Bobbi McSwine joined the ABC 36 News Team in March 2020. She started as a Web Content Producer in November 2019. She was born and raised in Chicago, IL, known to many as the “Windy City.” She studied journalism at the University of Illinois in Urbana Champaign. While in school, she had a number of internships ranging from Free Spirit Media, ABC 7 Chicago and Illinois Public Media. She fell in love with writing in high school and paired that with a newfound passion for storytelling in college. She misses her hometown, but she loves the horses and rich history in Lexington. When she’s not working, she’s probably listening to music or binge-watching Netflix. She’s always looking to get to know more people in Central Kentucky, so feel free to shoot her a message on Facebook @BobbiWTVQ, follow her on Twitter @McSwineB_News, or send her an email at bmcswine@wtvq.com.