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January 11, 2021

Japanese save CLT manufacturer Katerra from bankruptcy

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 ...

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