Questions About Aluminum Company In Appalachia

A company that promised a $1.7 billion aluminum plant in Appalachia still needs a $500 million cash infusion to do the job, the new CEO told Kentucky lawmakers Tuesday, following a corporate management shakeup.Braidy Industries officials appeared before the Senate Appropriations and Revenue Committee following the recent ouster of Braidy’s CEO, which raised new concerns about the prospects of the uniquely-structured project.Kentucky taxpayers have a direct stake in Braidy’s plans to build the aluminum rolling mill near Ashland in northeastern Kentucky.

Source: MG News

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