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Braidy Industries buys additional parcels at EastPark Industrial Center; breaks ground on $1.3B mill


Braidy Industries has announced that it has invested $3.4 million to acquire additional land and buildings at the EastPark Industrial Center in Ashland, just hours before the groundbreaking for its new mill.

In April 2017, Braidy Industry announced its plans to build a $1.3 billion mill, which has been called a game changer, in Boyd County.

The newly-acquired properties include the 12.6-acre HT Hackney land parcel and its approximately 70,000 square foot building facility that will become the manufacturing home to Braidy’s ultra-high-strength alloy subsidiary, Veloxint. Additional acquisitions include a 3.6-acre property and an 18.8-acre land parcel.

A groundbreaking for the $1.3 billion mill Friday began with a ribbon cutting ceremony featuring Governor Matt Bevin. Other speakers included Greenup County Judge Executive Bobby Carpenter, Boyd County Judge Executive Steve Towler; Matt Satterwhite, President and CEO, Kentucky Power; Dr. Jay Box, President, Kentucky Community and Technical College System; Lieutenant General TG David Hogg, U.S. Army (ret.); and, Craig Bouchard, CEO Braidy Industries.

There was also a tour of the EastPark buildings owned by Braidy and the Ashland Community Technical College, home to the recently certified Braidy Industries two-year advanced manufacturing degree program.

Bouchard

The event continued into the evening in downtown Ashland where the street section in front of the Braidy Industries headquarters was cordoned off for a program of musical performances. Among those scheduled to appear were country legends Naomi Judd, Tanya Tucker, and emerging country artist Olivia Ooms, as well as the Bronson Arroyo Band. Both the daytime and evening events were open to the public.

Bouchard said of the developments, “We will continue to acquire land in the Ashland area for our use and for our partners locating their businesses surrounding the mill. Property in Eastern Kentucky is significantly under-valued.

Braidy Industries is committed to rebuilding Appalachia with technology and exceptional people. There is much for our community to be proud of and we will celebrate on June 1 together as one family.”

Braidy Indutries

 


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