Company Behind Planned Ashland Aluminum Plant Changes CEO
An aluminum company planning to build a $1.7 billion plant in Appalachia announced a management shakeup as it tries to complete financing for a long-promised Kentucky project staked to millions in taxpayer money.
The company offered no reason for the change, which comes at a crucial time for efforts to build the mill near Ashland.
The company has said it will create 1,500 construction jobs and more than 650 full-time jobs once the plant starts production. Former Republican Gov. Matt Bevin had persuaded the state legislature to approve a $15 million investment in the project, making taxpayers partial owners of the planned mill.
The project drew widespread attention when the company forged a partnership with Russian aluminum giant Rusal, which previously faced U.S. sanctions for connections to a Russian oligarch.
Source: MG News
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