Russian aluminum company Rusal was sanctioned by the US before. Rusal will invest in a new Kentucky aluminum mill located near Ashland in eastern Kentucky. After Trump removed the sanctions against Rusal, this is Rusal's first new investment project in the US.
The Trump administration removed the sanctions in January when the company actually decrease the ownership stake owned by Deripaska. Rusal will get a 40% share of the factory’s profits. The new investment project will provide more job opportunities in an economically struggling conditions for the US.
The Ashland aluminum mill will be the first great high quality mill to be built in the US within 37 years. The new project will cost more than US$1 billion and will create more than 500 job opportunities.
The new mill will try to provide highest quality, lowest cost, and the least use of carbon from the beginning to the end in the whole production process.
Rusal to invest in Kentucky aluminum mill
18 Apr 2019 14:29 reported by Ivy Wei
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