NEW YORK Kentucky Electric Steel LLC (KES) will receive a $6-million investment from parent company Optima Specialty Steel Inc. allowing it to produce high-quality round bars in diameters up to 3.75 inches.
"This capital improvement project will not only enable us to diversify the existing high-quality flat bar offerings, it will also support enhanced quality control of our existing steel bar products and further increase the mills overall productivity," KES vice president and general manager John Scheel, said in a statement May 23.
KES currently produces flat and rectangular bars.
As part of the expansion, the Ashland, Ky.-based company will integrate new mill direct-current drives and advanced controls, guides and rolls into the infrastructure at its facility.
KES will also incorporate a ProScan profile measurement system and the appropriate ancillary mill-handling equipment required to support the expanded operations and product line.
Miami-based Optima Specialty Steel expects the expansion to be complete by September.