Katerra Receives $865 Million To Fund Massive CLT Plant

Katerra, a high-tech construction firm, has secured $865 million in funding from SoftBank Vision Fund. That money will go toward ongoing projects in the U.S., like the company’s planned cross-laminated timber plant in Washington, as well as research and development activities.

Katerra says its upcoming 250,000-square-foot Washington plant will help scale up U.S. production of CLT so that the material can be more broadly adopted across the construction industry. Katerra’s manufacturing presence in the region will provide hundreds of jobs and stimulate additional jobs through the larger supply chain and associated industries, including design, engineering, and construction. More than 150 construction-specific jobs will be created to build the CLT factory.

Cross-laminated timber, or CLT, is a key ingredient in the so-called timber towers – multi-story high rises built of wood, some reaching 18 stories or higher. Katerra says CLT is valued due to its low carbon footprint and strength.

“CLT… is a material that creates beautiful spaces, is designed for manufacturing, and is sustainable all at the same time,” said Michael Marks, chairman and co-founder of Katerra. “This material represents a great opportunity to create new value within the construction industry and will be central to many of the projects we’ll be designing and building. We feel very comfortable and excited, particularly with the knowledgeable team we have, to make the jump into manufacturing mass timber. We are ready to help bring mass timber to the mainstream of U.S. construction.”

Katerra is already applying its high-tech construction techniques to manufacture building sections in an existing Phoenix factory, in processes similar to auto plants. The Phoenix plant uses CR Onsrud and Laguna machinery, and fabricates rooms and building sections, including cabinetry, plumbing and wiring.

From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/katerra-receives-865-million-fund-massive-cross-laminated-timber?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news

Canadian Building Will Be The Tallest Timber Structure In The World

Vancouver-based real estate developer PortLiving and world-renowned Japanese architect Shigeru Ban have unveiled plans for an upcoming hybrid timber structure said to be the tallest in the world. If so, this would mean it will be higher than other CLT wood structures, such as the 34-story design planned for Stockholm.

The residential high-rise Terrace house, which will be located in Vancouver’s Coal Harbor neighborhood, may set a new standard for urban luxury in design, sustainability and engineering innovation. The high-rise will feature a cross-laminated timber frame supported by a concrete and steel core. Wood for the project will be locally sourced from British Columbia, minimizing its carbon footprint.

Cross-laminated timber has been gaining popularity as of late, due to its lightness, sustainability, and ease of use. Planks of timber are glued and orientated at 90 degrees to each other, and are then crosslaid in layers. Those pieces are then shipped to construction sites and can be assembled by just a few workers, even for large buildings.

Its use in tall wooden buildings has also been growing. London, Stockholm, and Quebec are just a few of the cities who either already have large timber towers or have one in the works. Recent plans include a Swedish firm’s 436 ft. residential wood skyscraper in Stockholm, while a 12-story mixed wood high-rise is planned for construction in Portland, Oregon.

Building codes are being adjusted in Oregon and Washington State to permit the tall wood structures. But CLT hasn’t gone without opposition.

From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/canadian-high-rise-will-be-tallest-timber-structure-world?ss=news,news,woodworking_industry_news,news,almanac_market_data,news

World’s Tallest Timber Tower Under Construction In Canada

When complete in 2017, the 18-storey (53m) tower, called Brock Commons, will house hundreds of students at the University of British Columbia (UBC).

Unless overtaken by other ambitious timber towers now at design or proposal stage, the CAN$51.5m residence is set to be the world’s tallest, beating the 13-storey ‘Origine’ apartment block now being built in Quebec City.

The world’s tallest completed timber structure is the 10-storey Forte apartment block in Melbourne, Australia, completed in November 2012 by Lend Lease.

Construction on Brock Commons, designed by Acton Ostry Architects, started on 9 November and the building is set to open in September 2017. It will house 404 students in 272 studios and 33 four-bedroom units.

Earlier this year the provincial government of British Columbia passed a new regulation that allowed UBC to go over timber-structure height limits if the building met rigorous health and safety standards. The architects, Acton Ostry, and UBC building officials helped draft the regulation.

From Construction Manager: https://www.construction-manager.co.uk/international/worlds-tallest-timber-tower-going-vancouver/