North American Stainless (NAS) Plans $224 Million RTW Kentucky Investment

A picture of the kentucky state flag.

North American Stainless (NAS) is investing $244 million in order to establish a new facility in Right to Work Ghent, Kentucky. As a result, they will also create 70 new jobs. So this will be an excellent economic addition to Carroll County!

From Area Development Magazine:

“We are proud to lead America’s stainless steel economy, support our national security with our production and create great jobs for our region. Our latest expansion will bring more clean, sustainable and American-made stainless to consumers and directly compete with the subsidized imports of stainless. […] Our parent company, Acerinox, one of the largest producers of stainless in the world, was eager to further invest in Kentucky to demonstrate its commitment to our customers and the U.S. market and because our workforce meets and exceeds all goals every year.” […]

“I’m excited to announce more growth in Kentucky’s metals industry with this latest investment from North American Stainless. […] NAS is a leading stainless steel producer in the United States, and all the company’s production lines are located at the company’s headquarters in Carroll County. I want to thank its leaders for continuing to put their faith in Kentucky’s workforce and investing in the commonwealth. NAS is growing at an incredible rate, with this being the company’s 13th expansion since it was founded in 1990. I look forward to seeing NAS continue to grow and create more opportunities for Kentuckians.” […]

“North American Stainless is an indispensable partner for our community. We are proud to work with the state to support this Kentucky-grown business. […] As a leading business in Carroll County, NAS has built an incredible operation and encourages new opportunity and a better quality of life for local families every day. We are grateful to Cris Fuentes and his entire team for their commitment to Carroll County.”

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.

To read more updates on Right to Work states, clickhere.


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