Van AalstPort of StocktonViganMultimodal 2022Sailors SocietyTOC Events
  • Vigan
  • Cleveland Cascades Ltd
  • TOC Events
  • Sailors Society
  • Port of Stockton
  • Multimodal 2022

New Aluminium mill for Kentucky

(Posted on 18/04/19)

RUSAL, one of the leading global aluminium producers, and Braidy Industries Inc., a US base holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, have announced an intent to establish a joint project in Ashland, Kentucky, USA to produce  flat rolled aluminium products for the US automotive industry.

The design capacity of the rolling mill will amount to 500 thousand tons of hot rolled band and 300 thousand tons of fully finished cold rolled products on an annual basis. It will be the widest US-based cold rolling mill with a width of 104 inches. The output from the mill will aid towards rebalancing the anticipated deficit of the auto body sheet in the US market.

The mill will operate with state-of-the art equipment provided by industry leaders. This will ensure market leadership whilst providing a sustainable competitive advantage in the long term.

RUSAL will supply aluminium (both in slab alloys and as a primary metal) for the new rolling mill from its new Taishet aluminium smelter that is currently under construction in Siberia. Delivering value added products (“VAP”) to the new Kentucky mill is consistent with RUSAL’s commitment to increase the share of its VAP offerings as part of the Company’s total production and sales.

In exchange for its investment RUSAL will earn a 40% share. Braidy Industries will keep the balance 60%. The project debt will be raised from several financial institutions. Both RUSAL and Braidy Industries intend to approach financial markets for funding after signing the Letter of Intent.

RUSAL and Braidy Industries have entered into an exclusive Letter of Intent which details the commercial conditions for the joint venture alongside providing details for any future negotiations going forward. The binding documentation for the Project is expected to be signed during the second quarter of 2019 after the final decision about the implementation of the Project is made.

The demand for flat rolled products in North America has demonstrated the robust growth over the past 5 years and this will continue above average rates all over the world, especially in the automotive sector. The key driver of this demand growth is the Corporate Average Fuel Economy regulations (CAFE) that cause an increase and immediate switch from the original equipment manufacturers (OEMs) to aluminium-based components. The chosen location of the mill that will be in close proximity to a large number of automotive supply manufacturers will ensure efficient transportation of the finished products.

The joint project with Braidy Industries is an excellent opportunity for RUSAL to expand the Company’s diverse expertise in one of the key areas of aluminium downstream products. It will also reinforce the Company’s presence on the strategic market.

RUSAL is the leader of the global aluminium industry. In 2018, the Company accounted for about 5.8% of global production of aluminium and 6.2% of alumina production. The Company employs about 62,000 people RUSAL's offices are operating in 20 countries all over the world and across 5 continents. 

Latest News

Strategic partnership on Ollagüe Salar Development

(Posted on 12/08/22)

thyssenkrupp Mining Technologies has signed a cooperation agreement with Wealth Minerals for the development... Read more


Record profits as Glencore plan buyback and special dividend

(Posted on 05/08/22)

A first half year profit of almost $19bn has been announced by Glencore, partly driven by the company... Read more


Bühler and Al-Hazaa open cutting-edge flour mill in port of Aqaba, Jordan

(Posted on 29/07/22)

Swiss technology group Bühler and Jordanian Al-Hazaa Investment Group have celebrated the opening... Read more


Solar panels to reduce emissions at BHP Nickel West

(Posted on 25/07/22)

The first solar panels have started being installed this week at BHP’s massive solar farm at Leinster... Read more


BHP to receive world’s first carbon neutral conveyor belt

(Posted on 18/07/22)

China’s Wuxi Boton has announced the world's first carbon neutral conveyor belts for delivery... Read more


Ecobat announces sale of Stolberg

(Posted on 18/07/22)

Ecobat, the global leader in battery recycling, and Trafigura, a leading global supplier of commodities... Read more


CONVEY’22 to feature regulatory compliance, grain safety and ops training

(Posted on 01/07/22)

The National Grain and Feed Association in the USA (NGFA) is partnering with the Grain Elevator and... Read more


Landmark guide supports First Nations community engagement

(Posted on 26/06/22)

A new guide to support industry and organisations to engage with First Nations communities across Australia... Read more


First ore delivered at Rio Tinto Gudai-Darri mine in the Pilbara

(Posted on 20/06/22)

Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its... Read more


British Steel pressing ahead with £26 million investment

(Posted on 20/06/22)

British Steel has been given planning approval for a £26 million upgrade to its Special Profiles... Read more


CimbriaPort of South LouisianaTBA GroupBühler GmbHCleveland Cascades LtdThe Wolfson Centre for Bulk Solids Handling Technology
  • Telestack
  • TBA Group
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping