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

First U.S. Hardwood CLT Project In Development

If Yugon Kim realizes his dream, the new office building or housing complex going up in your city may be made out of large hardwood panels called cross laminated timber (CLT). The technology behind CLT has been used for decades in Europe, and it is just beginning to take root in the United States with softwood CLT leading the way. Kim’s Boston-based, architectural design firm IKD just won a $250,000 grant from the Forest Service for designing, developing and constructing the first hardwood CLT demonstration project in the United States.

The aim is to take low-value hardwoods and turn them into a high-value CLT construction project as a proof of concept. Kim explained, “Over 50% of every hardwood log in the region goes to low-value materials like pallets and cants. Our idea is to utilize this material and to upcycle it.”

Kim along with his design partner Tomomi Itakura have created an outdoor CLT construction project that is titled the Conversation Plinth and will be integrated as circular discs that provide a platform for viewing a sculpture at the Cleo Rogers Memorial Library.

Kim suggested, “The ultimate goal is to construct buildings in the United States using hardwood CLT. Our research hopes to lead toward hardwood mass timbers being used for U.S construction projects.”

The Conversation Plinth was designed for Exhibit Columbus, the annual celebration of architecture, art, design and community in Columbus, Indiana. IKD’s design was selected to win an inaugural J. Irwin and Xenia S. Miller Prize as part of a national competition.

From Pallet Enterprise: https://palletenterprise.com/view_article/4927/Hardwood-CLT