The Wall Street Journal (WSJ) is reporting that Katerra, a modular prefabrication and timber innovations company was saved from bankruptcy on December 30th, 2020, by Japanese investment giant Softbank with an infusion of $ 200 million in cash.
News in offsite construction
Scottish Timber Initiative Receives Funding to Prove Business Case for Using Scottish Timber in Building Structures
A consortium of partners, comprising of Construction Scotland Innovation Centre (CSIC), Edinburgh Napier University (ENU) Centre for Offsite Construction and Innovative Structures (COCIS), Scottish Forestry, Confederation of Forest Industries (Confor), and SNRG – have secured funding from Innovate UK’s Sustainable Innovation Fund to prove the business case for using Scottish timber to create the structural elements of buildings.
Factory_OS Attracts Investments for Offsite Construction Facility from Technology and Investment Firms
Factory_OS receives $55 million from variety of technology and investment firms.
Stora Enso Receives Approval to Produce Cross Laminated Timbers for US Market
Stora Enso receives approval to sale CLT panels produced in it’s Austrian mill to the US.
Idaho Timber Industry Key Role Player in the State and Nation
Idaho’s timber industry continues to play a key role in the state’s economy.
Swedish Sawmilling Group Ramps Up Production to Meet Global Demand and Product Shortages
To meet growing global demand and product shortages, Swedish sawmilling group Setra, announced in their Q3 results publication, that they plan to fully ramp up production during the fall.
Building Code Changes Spark, a Revival in the Construction of Tall Wood Building
Updates and changes in the National Building Code in Canada, allowing for the construction of wood buildings up to 12-storey, is changing how architects, builders and developers thinks about building taller wooden structures.
New Zealand Offers Financial Support to Regional Four Bay of Plenty Timber Businesses
New Zealand’s Regional Economic Development Minster Shane Jones has announced that the Four Bay of Plenty timber businesses will be receiving investments totaling nearly $ 22 million through the Provincial Growth Fund.
The National Fire Protection Association Adopts Tall Mass Timber Provisions
The National Fire Protection Association (NFPA) has announced allowances for larger and taller mass timber buildings in accordance with NFPA 5000 Building Construction and Safety Code® and, where applicable, NFPA 101 Life Safety Code®.
‘Wood CO2ts less’ Campaign Underway in the U.K., to Increase Awareness of Woods Ability to Reduce Carbon Emissions
In the U.K., a campaign is underway to increase the awareness of how using wood from sustainably managed forests can help reduce carbon emissions. The campaign members say that using wood boosts the green credentials of builders and developers.