Companies in the timber industry / Daily News / Global Trends / Wood construction / Wood Products / Wood-based panels / Asia & Middle East / Global / North America
January 11, 2021
Japanese save CLT manufacturer Katerra from bankruptcy
The Japanese SoftBank has saved the US CLT manufacturer Katerra from bankruptcy with a cash injection of US $ 200 million. Now the Japanese investment house is the majority owner of Katerra. The cross laminated timber (CLT) business in the USA is apparently not easy. As the industry platform Forest Economic Advisors (FEA) reports, citing the Wall Street Journal, the US pioneer for CLT narrowly missed bankruptcy. It was prevented by an injection of US $ 200 million from the Japanese investment bank SoftBank. In Katerra's own press release, SoftBank's new investment ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!