Braidy Industries to grant scholarships to 11 seniors

December 27, 2018

ASHLAND - Braidy Industries Inc., an advanced manufacturer of metals for the global transportation and defense industries with a $1.68 billion aluminum mill planned for the Ashland area, plans to offer more post-secondary scholarships and internships at Braidy to graduating seniors at local high schools.

The company’s board of directors announced the continuation of Braidy’s scholarship program in a Christmas Day news release.

Braidy will expand the program to add three more schools to the eight included in the grant program last year, according to the release. The 11 schools participating across three counties will be East Carter High School, West Carter High School, Carter Christian Academy, Boyd County High School, Fairview High School, Greenup County High School, Holy Family School, Paul G. Blazer High School, Raceland High School, Rose Hill Christian School and Russell High School.

“We continue to invest in the talented and driven youth of Eastern Kentucky,” said Braidy Industries CEO and Board Chairman Craig Bouchard in the release. “Developing future leaders of Appalachia is a top priority for Braidy. We also welcome students to our Advanced Integrated Technology program at ACTC, which empowers youth to become the leaders of our local community and beyond.”

Braidy Industries says its $1.68 billion aluminum mill project at EastPark Industrial Center in Ashland is moving forward after a June groundbreaking. Officials said the planned mill, which is expected to begin producing aluminum sheet and plate in 2020, will create hundreds of jobs in the region.

“Opportunities such as these not only help young people pay for their college education, but they also instill confidence in these students as they transition into higher education,” Fairview High School counselor Tonia Lucas said in the release. “The knowledge that a committee of well-established professionals believe in their potential can make an impact that goes far beyond the scholarship itself.”

The board plans to grant 11 scholarships of $1,000 each to high school seniors who are continuing to post-secondary studies. Recipients will be chosen based on peer nominations and demonstration of high performance in school, at home and in the community, according to the release. Winners also will be offered a summer internship at Braidy Industries, where they can work alongside Braidy executives in business units including marketing, sales, communications, research and development, and operations.

Officials recently have said Braidy has spent approximately $5 million on the ongoing construction of the EastPark facility, and has completed engineering and architectural plans for the mill and has substantially completed negotiations on its engineering, procurement and construction contract.

However, the company is seeking to raise a total of $500 million in capital through the sale of its common stock to continue construction.

For more information on Braidy Industries or its scholarship opportunities, visit www.braidyindustries.com.

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