In the News
Here’s something you probably didn’t know: the construction business accounts for an estimated 23 percent of the world’s carbon-dioxide emissions—5.7 billion tons, according to the most recent estimates. Much of this comes from the use of concrete and steel, the two biggest contributors to emissions in the building sector. As the BBC has reported, if the concrete industry were a country, it would be the third-largest emissions producer, behind China and the United States.
First came the bridge, then came the big wooden building. Work on the Catalyst campus at the south landing of the University District Gateway Bridge has moved quickly, and the two buildings under construction are on pace to be complete early next year.
The Real Deal National Sylvia Varnham O’Regan Construction startup Katerra has announced the acquisition of UEB Builders and Fortune-Johnson General Contractors, just one month after hiring former oil-industry executive Paal Kibsgaard as its new chief operating officer. Under the acquisition, both UEB Builders, a general contractor with offices in Arizona, Washington and Texas, and Fortune-Johnson, a […]
UEB Builders and Fortune-Johnson General Contractors specialize in multifamily and mixed-used developments.
Katerra, the Menlo Park. Calif.-based technology company that specializes in prefabricated construction services, is expanding that portfolio through its acquisition of UEB Builders and Fortune-Johnson General Contractors (F-J).
We have seen many ups and downs in the prefab world, but they may be getting it right this time. This TreeHugger has watched many bold initiatives in prefabricated housing come and go.
For generations, prefabricated housing has had a bad rap. Visions of ticky-tacky buildings in identical rows with no connection to context pushed modular construction to the fringe. But with global population increasing, the middle class rapidly expanding, and household size shrinking, some 2 billion new homes will be needed by the end of the century. That far outstrips what current construction methods can supply.
“With this, we plan to double our capacity from the current 10 million sq ft to 20 million sq ft,” said Ash Bhardwaj, President Asia and Middle East of the company. Katerra, a construction company, plans to invest over $100 million to construct a manufacturing plant in Hyderabad, said Ash Bhardwaj, President Asia and Middle East of the company.
Katerra, a technology company redefining the construction industry, today announced that Paal Kibsgaard has joined as chief operating officer, a new position within Katerra. Kibsgaard was previously the chairman and CEO of Schlumberger Limited and served on Katerra’s Board of Directors for three years. He will report to Katerra’s co-founder and CEO, Michael Marks.
SoftBank-backed Katerra taps Schlumberger veteran Paal Kibsgaard to oversee its rapid growth.
A Silicon Valley-based construction startup has hired a former oil-industry chief executive, a sign that its rapid growth is starting to attract prominent talent from other industries.
Katerra launches an apprenticeship program to mitigate the skilled labor challenges.
Amid a persistent skilled labor shortage that continues to challenge the building sector, constrain housing supply and exacerbate affordability, Katerra, a technology company redefining the construction industry, today announced it has launched a new apprenticeship program that offers the necessary training and skills for the future of construction. Registered with and approved by the U.S. Department of Labor, Bureau of Apprenticeship and Training, credentials earned through the Katerra Apprenticeship Program are portable and recognized in all U.S. states and three territories.