CA: Katerra to Invest $3.7B, Open New Advanced Mfg Facility, Hire 500
20 Jul, 2018
Katerra, a technology company redefining the construction industry, announced its plans to open a new advanced manufacturing factory in Tracy, California, where it will produce building components including wall panels, floor systems, roof truss assemblies, windows, cabinets and finishes. Manufacturing of building components in a factory setting allows for rapid assembly at the job site, significantly reducing construction time, costs and waste while improving quality.
Katerra is expanding its U.S. operations as it delivers on $3.7 billion in new build project bookings. With its new 577K-square-foot factory, Katerra’s manufacturing presence in Tracy will add more than 500 jobs. This new manufacturing facility will complement Katerra’s existing California operations, including its headquarters in Menlo Park and office in San Francisco.
“Establishing a manufacturing presence in the Central Valley made sense to efficiently serve the West Coast market while gaining access to talent to operate advanced robotic equipment,” said Michael Marks, chairman and co-founder of Katerra. “We’re excited to be adding jobs to California’s economy as we apply technology to deliver high-quality buildings faster.”
Katerra’s integrated factory model seamlessly connects building design to the factory floor and job site. Compared to its first factory located in Phoenix, Arizona, Katerra’s next-generation plant will be an advanced manufacturing facility with significantly more automation. The operation will include fully automated wood frame wall production lines, automated floor lines, automated cabinet and finish areas, automated roof truss lines, an automated window line and a light gauge steel production line. The factory will be able to produce, on an annual basis, the equivalent of 12,500 multifamily units.
“We are very excited about the economic impact that Katerra will bring to the City of Tracy and the region,” stated City of Tracy Mayor Robert Rickman. “Tracy’s proximity to workforce talent, affordable land and state-of-the-art building opportunities, provide a business supportive environment for advanced manufacturing companies such as Katerra to thrive. I would like to welcome Katerra to the City of Tracy and thank them for ‘Thinking Inside the Triangle’.”
Additional facts and figures about Katerra’s Tracy factory include:
• The new facility will be strategically located near rail, shipping ports and freeways
• To support the factory’s operation, more than 500 jobs will be created in San Joaquin County, which is designated by the state as a high unemployment area
• Production is slated to begin in 2019
In addition to its factories in Arizona and California, Katerra is constructing a mass timber manufacturing facility in Spokane, Wash., which will produce cross-laminated timber wall panels and floor systems when it comes online in 2019. Katerra’s near-term manufacturing expansion plans for the U.S. includes three more building components factories to serve the South and East Coast markets, as well as another mass timber production facility to be located in the Southeast.
Katerra is a technology company optimizing every aspect of building development, design, and construction. With leaders from the most groundbreaking technology, design, manufacturing and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories and building projects. For more information, visit www.katerra.com.