Latest news with #modularconstruction
Fast Company
2 days ago
- Business
- Fast Company
How the world's busiest airports are future-proofing themselves without missing a beat
The clock has just struck midnight, and about 60 people are bustling around an empty taxiway at Dallas Fort-Worth International Airport (DFW). Architects, contractors, engineers, ground crew—everyone has gathered for an unprecedented event. After years of planning and months of meticulous scheduling, six massive buildings are about to be wheeled into place near Terminal C. Yes, wheeled. DFW is the fourth-busiest airport in the world, and it's currently undergoing a $9 billion project that includes an expansion of Terminals A and C, as well as a new Terminal F. To build out the airport without closing any gates or disrupting the flight schedule, HOK, the lead architecture firm behind the project, turned to an increasingly popular method of building: modular construction. Modular construction has long been a solution for schools and apartment complexes, but airports in cities such as Dallas; Los Angeles; Portland, Oregon; and Atlanta are now embracing it as a solution to quickly expand their square footage as a tourism boom pushes airports to their limit. 'Airports have high operational cost, and that is what modular construction offsets,' says Richard Saunders, engineering practice leader for HOK's Atlanta studio. He estimates that the operational impacts are roughly cut in half. The early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, September 5, at 11:59 p.m. PT. Apply today.
Yahoo
01-08-2025
- Business
- Yahoo
ATCO REPORTS SECOND QUARTER 2025 EARNINGS
CALGARY, AB, July 29, 2025 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) ATCO Ltd. (ATCO or the Company) today announced second quarter 2025 adjusted earnings (1) of $101 million ($0.90 per share), which were $5 million ($0.04 per share) higher compared to $96 million ($0.86 per share) in the second quarter of 2024. Second quarter 2025 earnings attributable to Class I and Class II Shares reported in accordance with International Financial Reporting Standards (IFRS earnings) were $64 million ($0.57 per share) compared to $52 million ($0.46 per share) in the second quarter of 2024. RECENT DEVELOPMENTS ATCO Structures ATCO Structures continued growing its market presence through organic strategic initiatives and investment in the base business, including the addition of a new manufacturing facility in Australia. The below awards illustrate the diversity of geographies and industries that ATCO Structures services: Awarded three contracts to provide space rental, workforce housing, and permanent modular construction solutions supporting mining operations in Western Canada, air transportation in Central Canada, and for a women's transitional centre in Northern Canada. These awards total $21 million and include sale and lease contracts. Awarded a Multiple Award Schedule contract by the US General Services Administration (GSA), enabling the sale of products and services to the US government directly through the GSA. Projects previously executed through GSA-certified contractors can now be bid on by and awarded directly to ATCO Structures. Awarded three contracts in the US to provide space rental solutions, including highly-customized special- purpose complexes supporting traditional and nuclear power generation, and lithium mining operations. These awards comprise 85 modular units and total $19 million. Awarded a $22 million contract to relocate accommodations, central facilities, supporting infrastructure and equipment from a mine site to expand an existing accommodation camp, both located in the Pilbara region of Western Australia. The contract also includes provision for newly manufactured facilities that will be tied into existing services. This is the second award related to the relocation and expansion of this camp, bringing the total value of works awarded to $34 million. _____________________________ (1) Adjusted earnings is a total of segments measure. See Other Financial and Non-GAAP Measures Advisory included in this news release. Canadian Utilities Canadian Utilities invested $382 million of capital expenditures in the second quarter of 2025, of which 95 per cent was invested in our regulated utilities in ATCO Energy Systems and ATCO Australia, with the remaining 5 per cent largely invested in ATCO EnPower. ATCO Energy Systems continues to work on many utility infrastructure opportunities, including two previously announced projects: the Yellowhead Pipeline Project (Yellowhead) in Natural Gas Transmission and the Central East Transfer-Out Project (CETO) in Electricity Transmission. Yellowhead is on track for construction to commence in 2026, subject to Alberta Utilities Commission (AUC) and corporate approvals. The expected $2.8 billion project continues to advance on-going stakeholder consultation, land acquisition, long-lead pipeline materials procurement, and design work in anticipation of the needs application decision from the AUC that is expected in the third quarter of 2025. In addition, we continue to pursue equity partnership arrangements with Indigenous partners. Electricity Transmission began construction of CETO in the third quarter of 2024, and has progressed substation tendering for civil, structural and electrical works and expects to begin fall season construction in the third quarter of 2025. Electricity Transmission's 85-km of the transmission line are on track to be energized by June 2026 with an approximate $280 million expected project spend. CETO will support renewable energy integration in Alberta and transport electricity in the counties of Red Deer, Lacombe and Stettler, supplying more than 1,500 megawatts of electricity to Alberta's grid. ATCO EnPower continues to see favourable market conditions for natural gas storage operations which supports its long-term revenue growth strategy. The $169 million of revenues in the first six months of 2025, an increase of $9 million compared to the same period in 2024, underlines the strength in our natural gas and natural gas liquids storage assets. Corporate On July 10, 2025, ATCO declared a third quarter dividend of 50.45 cents per share or $2.02 per Class I non-voting and Class II voting share on an annualized basis. This news release should be read in concert with the full disclosure documents. ATCO's unaudited interim consolidated financial statements and management's discussion and analysis for the quarter ended June 30, 2025 will be available on the ATCO website ( via SEDAR+ ( or can be requested from the Company. TELECONFERENCE AND WEBCAST ATCO will hold a live teleconference and webcast with Katie Patrick, Executive Vice President, Chief Financial & Investment Officer and Adam Beattie, President, Structures at 10:00 am Mountain Time (12:00 pm Eastern Time) on Thursday, July 31, 2025 at 1-833-821-0222. No pass code is required. Opening remarks will be followed by a question and answer period with investment analysts. Participants are asked to please dial-in 10 minutes prior to the start and request to join the ATCO teleconference. Management invites interested parties to listen via live webcast at: A replay of the teleconference will be available approximately two hours after the conclusion of the call until August 31, 2025. Please call 1-855-669-9658 and enter pass code 2903671. As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 21,000 employees and assets of $27 billion. ATCO is committed to future prosperity by working to meet the world's essential energy, housing, security and transportation challenges. ATCO Structures designs, builds and delivers products to service the essential need for housing and shelter around the globe. ATCO Frontec provides operational support services to government, defence and commercial clients. ATCO Energy Systems delivers essential energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. ATCO Energy provides retail electricity and natural gas services, home maintenance services and professional home advice that bring exceptional comfort, peace of mind and freedom to homeowners and customers. ATCO also has investments in ports and transportation logistics, the processing and marketing of ash, retail food services and commercial real estate. More information can be found at Investor & Analyst Inquiries: Colin JacksonSenior Vice President, Financial 808 2636 Media Inquiries: Kurt KadatzDirector, Corporate Communications 228 4571 Subscription Inquiries:To receive ATCO Ltd. news releases, please click here. Other Financial and Non-GAAP Measures Advisory Adjusted Earnings Consolidated adjusted earnings is a "total of segments measure", as defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112"). The most directly comparable measure to adjusted earnings reported in accordance with IFRS is "earnings attributable to Class I non-voting and Class II voting shares". IFRS earnings include timing adjustments related to rate-regulated activities, unrealized gains or losses on mark-to-market forward and swap commodity contracts, one-time gains and losses, impairments, and items that are not in the normal course of business or a result of day-to-day operations. These items are not included in adjusted earnings. A reconciliation of adjusted earnings to earnings attributable to Class I non-voting and Class II voting shares is provided Months EndedJune 30 Six Months EndedJune 30 ($ millions except share data) 2025 2024 2025 2024Adjusted Earnings 101 96 261 244 Restructuring (1) — (23) (8) (23) Transition of managed IT services (2) (3) — (8) — Unrealized losses on mark-to-market forward and swap commodity contracts (3) (22) (11) (26) (5) Rate-regulated activities (4) (11) (4) (9) (8) IT Common Matters decision (5) — (2) (1) (5) ATCO Electric settlement (6) — (4) — (4) Other (1) — (1) —Earnings attributable to Class I non-voting and Class II voting shares 64 52 208 199 Weighted average shares outstanding (millions of shares) 112.5 112.2 112.4 112.2 (1) In the second quarter and first six months of 2025, the Company recorded restructuring costs of nil and $8 million (after-tax and non-controlling interests) mainly related to staff reductions and associated severance costs. As these costs are not in the normal course of business, they have been excluded from adjusted earnings. (2) In the second quarter and first six months of 2025, the Company recognized IT transition costs of $3 million (after-tax and non-controlling interests) and $8 million (after-tax and non-controlling interests). The transition costs were primarily related to activities to shift the managed IT services from a single-vendor service provider to a hybrid model of multiple new vendors and internal teams. As these costs are not in the normal course of business, they have been excluded from adjusted earnings. (3) The Company's electricity generation and retail electricity and natural gas businesses in Alberta enter into fixed-price swap commodity contracts to manage exposure to electricity and natural gas prices and volumes. These contracts are measured at fair value. Unrealized gains and losses due to changes in the fair value of the fixed-price swap commodity contracts in the electricity generation and electricity and natural gas retail businesses are recognized in the earnings of the ATCO EnPower segment and ATCO Investments segment, respectively. Realized gains or losses are recognized in adjusted earnings when the commodity contracts are settled. (4) The Company records significant timing adjustments as a result of the differences between rate-regulated accounting and IFRS with respect to additional revenues billed in the current year, revenues to be billed in future years, regulatory decisions received, and settlement of regulatory decisions and other items. (5) Consistent with the treatment of the gain on sale in 2014 from the IT services business by the Company, financial impacts associated with the IT Common Matters decision are excluded from adjusted earnings. (6) In the second quarter of 2024, the Company recorded a $4 million (after-tax and non-controlling interests) reduction to earnings related to an AUC enforcement decision on two historical matters the Electric Transmission business had self-reported to AUC Enforcement staff. Forward-Looking Information Advisory Certain statements contained in this news release constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "goals", "targets", "strategy", "future", and similar expressions. In particular, forward-looking information in this news release includes, but is not limited to, references to: growth and expansion plans and opportunities; the expected value, timing and term of contracts; the expected timing of commencement, completion or commercial operations of activities, contracts and projects, including ATCO Structures' various projects; ATCO Energy Systems' continued work on many utility infrastructure opportunities, including Yellowhead and CETO; expectations regarding Yellowhead, including the anticipated timing for commencement of construction, the anticipated total investment in the project, the anticipated timing for the needs application decision from the AUC, and our pursuit of equity partnership arrangements with Indigenous partners; the anticipated size, capacity and benefits of CETO, the anticipated timing for fall season construction and energization of the project, and the anticipated total investment in the project; expectations regarding favourable market conditions for natural gas storage operations for ATCO EnPower, which supports its long-term revenue growth strategy; and the payment of dividends. Although the Company believes that the expectations reflected in the forward-looking information are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties, and other factors, which may cause actual results, levels of activity, and achievements to differ materially from those anticipated in such forward-looking information. The forward-looking information reflects the Company's beliefs and assumptions with respect to, among other things: the applicability and stability of legal and regulatory requirements in the jurisdictions in which we invest and/or operate; the payment of fees owing pursuant to applicable contracts; certain regulatory applications being made and approved in 2025; the development and performance of technology and technological innovations; continuing collaboration with certain business partners, and regulatory and environmental groups; the performance of assets and equipment; the ability to meet current project schedules, and other assumptions inherent in management's expectations in respect of the forward-looking information identified herein. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of, among other things: risks inherent in the performance of assets; capital efficiencies and cost savings; applicable laws and regulations and the interpretation and manner of enforcement of such laws and regulations; changes to government policies; regulatory decisions; competitive factors in the industries in which the Company operates; evolving market or economic conditions; credit risk; interest rate fluctuations; the availability and cost of labour, materials, services, and infrastructure; future demand for resources; the development and execution of projects; prices of electricity, natural gas, natural gas liquids, and renewable energy; the development and performance of technology and new energy efficient products, services, and programs including but not limited to the use of zero-emission and renewable fuels, carbon capture, and storage, electrification of equipment powered by zero-emission energy sources and utilization and availability of carbon offsets; potential cancellation, termination, default, non-compliance, or breach of contract by contract counterparties; the risk that payments owed may not be collected or received in a timely manner, or at all; risks associated with potential litigation proceedings; potential damage to our brand and/or reputation that may result from a failure to perform, or from factors outside of our control, or negative publicity related to significant projects, investments, operations or activities; the risk of operational disruptions, outages, or force majeure events; the occurrence of unexpected events such as fires, extreme weather conditions, explosions, blow-outs, equipment failures, transportation incidents, and other accidents or similar events; global pandemics; the imposition of or changes to customs duties, tariffs or other trade restrictions; geopolitical tensions and wars; and other risk factors, many of which are beyond the control of the Company. Due to the interdependencies and correlation of these factors, the impact of any one material assumption or risk on a forward-looking statement cannot be determined with certainty. Readers are cautioned that the foregoing lists are not exhaustive. For additional information about the principal risks that the Company faces, see "Business Risks and Risk Management" in the Company's Management's Discussion and Analysis for the year ended December 31, 2024. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. SOURCE ATCO Ltd. View original content to download multimedia: Sign in to access your portfolio
Fast Company
28-07-2025
- Business
- Fast Company
This L.A. startup is using AI and robots to help rebuild faster in the fire zone
It's been more than six months since record-breaking wildfires destroyed thousands of homes in the Los Angeles area. So far, few homes have been rebuilt. On one barren block in Altadena filled with vacant lots, no new homes have started construction yet. But one of the first homes that will break ground on the street is using technology to help the rebuilding process move faster. Later this summer, a mobile 'micro factory' will roll up to the lot and begin using robots to build walls, roofs, and flooring panels while a construction crew lays the foundation. Other components, like bathroom 'pods' with all of the fixtures preinstalled, will be built off-site and delivered for assembly. Cosmic, the startup building the house, first launched building sustainable accessory dwelling units (ADUs) with a streamlined process designed to cut time and cost. Last year, the team started designing a larger, fire-resistant single-family home in Northern California. When the disaster hit L.A. in January, the company sped up its work to develop mini factories for the fire zone. Modular construction isn't new. But Cosmic's approach, with compact manufacturing units that travel to the building site, avoids the expense of developing larger factories. (Katerra, one high-profile startup, reportedly spent $150 million on its factory before going out of business.) 'My core belief is that conventional prefab doesn't work,' says Sasha Jokic, Cosmic's founder. 'We saw the billions of dollars invested in the prefab industry . . . you need to keep the lights on, and it's super hard to do it, given the costs of operating the factory.' A typical factory is also constrained to a specific geography, since it isn't economical to deliver more than around 300 miles away. Instead, Cosmic wants to bring modern manufacturing directly to each site. Its first micro-factory is now sitting on a lot in Pacific Palisades, where the company is working on permits for another house in that fire zone. The factory will travel back and forth between the Palisades and Altadena. The construction system is around 10 times faster than traditional construction, Jokic says. It also uses around 60% less labor, which may help it avoid disruptions. The construction industry in Southern California already had a labor shortage; the current threat of immigration raids also means that some people now feel afraid to come to work. The company also uses technology for the design process. For the house in Altadena, for example, it used software to design a house to the clients' specifications in seven days. 'Really, the breakthrough technology is that it's AI -driven,' Jokic says. The company, he says, can instantaneously create a code-compliant plan designed specifically for the site and the client's needs. And because the software will only output designs that the company knows it can build, it's easy to provide accurate timelines and pricing information. For families affected by the fires, the company is offering design services for free. The cost of homes is roughly 30% less than traditional construction, Jokic says. The clarity of the process helped convince the Altadena homeowners to move forward. The family, a couple with a young child, had lived in their previous house—a 1923 craftsman—for a decade. The old house needed repairs, the family had nearly completed a renovation when the fire happened. After the fire, they wanted to rebuild differently. 'We talked to five other architects, and I just felt so overwhelmed by the idea of starting from scratch and going through the rebuilding process again,' says homeowner Justin Lieb. 'The renovation was so overwhelming and exhausting.' They also liked the home's features, which go beyond the fire safety requirements in the building code, from fire-resistant walls and roofs to sprinklers. The all-electric house is also as energy efficient as possible, so it can make the most of the solar panels on the roof. 'Being as self-sufficient and ecologically conscious as possible was a big appeal to us,' Lieb says. A gray water system helps recycle water. They also chose to install an EV charger, though they haven't yet purchased an electric car. Software also helped the permit application process go quickly, and the team had filed everything to the city within around 20 days. 'As we continue improving the system, really the plan is that this is going to be instantaneous—basically 24 hours turnaround for the concept design, and two days for the permitting,' Jokic says. The company handles the permitting process. For the Altadena house, it just got approval from the local planning department. Now, it needs approval from the city's building and safety division, which has committed to a 30-day review timeline. Then construction can begin. The company is now working through the permitting process for four families in the fire zone. Ultimately, they have the capacity to build as many as 150 to 180 homes over the next 12 months, says Jokic. For every 10 homes they build, they have committed to build another for free for an underinsured family in the fire zone, in a project they call the 1:10 Initiative. 'Given that we can build much faster and lower cost and anyone else on the market, we definitely saw an opportunity for us to donate a portion of our revenue to build for people who [can't afford it],' Jokic says. Jokic, who grew up in war-torn Yugoslavia, says that the idea of providing affordable, quality housing has motivated his life's work. 'This is really a deeply personal experience,' he says. 'And just being able to help people who are struggling to get their homes back, that's what really matters at this point.'
Yahoo
22-07-2025
- Business
- Yahoo
Greystar partners with University of Mississippi on modular dorm
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Property: Kincannon site, West Row site Developer: Greystar, University of Mississippi Location: Oxford, Mississippi Units: 2,700 beds (total) Cost: Withheld Charleston, South Carolina-based Greystar is tapping its modular construction pipeline to build on-campus housing for over 2,700 students at the University of Mississippi in Oxford, Mississippi. The multifamily giant is on track to open two new residence halls at Ole Miss by 2027, developed in a public-private partnership with the university. Greystar is set to collaborate with university leaders, industry experts and Mississippi-based businesses to design, build, finance, operate and maintain the site, according to the release. More than 70% of the on-site construction work will be available to local and regional subcontractors. 'By leveraging our modular construction capabilities and working closely with local partners, we're able to deliver efficient, sustainable communities that support student success while contributing to Mississippi's economy,' said Julie Skolnicki, senior managing director of university partnerships at Greystar, in the news release. The West Row site, located across from the UM School of Law, will add 1,500 beds, a new dining hall and over 1,500 parking spaces. Another 1,200 beds are slated for the former site of Kincannon Hall, a 540-bed student dorm built in 1963, closed in 2015 and demolished in 2023, according to The Daily Mississippian. A new parking garage is already under construction at the Kincannon site. Portions of the buildings will be prefabricated by Greystar's modular construction business, Modern Living Solutions, at its factory in Knox, Pennsylvania, in order to shorten construction timelines and lower costs for students, according to the release. Living options will include suites and semi-suites. Public-private partnerships for residential development are a relatively new practice in Mississippi, according to Steven Holley, vice chancellor for administration and finance at the University of Mississippi. The University of Mississippi selected the model in an effort to meet the needs of an expanding student base, modernize campus infrastructure in the long term and save university resources for other priorities, including new academic and research facilities, according to Holley. 'At the heart of our mission lies our unwavering commitment to giving students the best experience possible, which is why this project is vital to addressing one of the most important aspects of the student experience: housing,' added Glenn Boyce, chancellor of the University of Mississippi, in the release. 'This transformative partnership with Greystar will provide a unique and exceptionally efficient approach to expanding housing options on campus.'
CBC
19-07-2025
- Business
- CBC
Modular manufacturing ramps up production in N.B. to meet housing demand
Henrique Manreza knew he would love small-town life in Woodstock when he moved to New Brunswick three years ago from San Paulo, a Brazilian city of 12 million. An outdoorsy person, he loves to hike and kayak, and he's even learning to fish. "In San Paulo, if you want to go into nature, you need to travel two hours or something like that. Here, in 15 minutes I'm in the middle of the woods or in the middle of a huge river. It is just an awesome place." Manreza also knew he wanted to work in construction, specifically the modular construction industry with Woodstock-based Ironwood Manufactured Homes, where he would work indoors all the time. "I'm from Brazil, so winter [here] can be hard on us," he said. "And then here you can work the entire year inside. Of course you feel the cold, but it's not the same as working outside." WATCH | 'With us it's always on time, on budget,' says modular housing developer: Home shopping? Your new place to live could come from a factory 4 minutes ago The ability to work indoors is one of the strengths of an industry that has become a focal point for provincial and federal governments trying to meet demands for new housing nationwide. Workers like ducking the cold weather outdoors, and companies say it considerably shortens the time frame for the construction of new houses and apartment buildings. Manreza is part of a pipeline of trades students from New Brunswick Community College in Woodstock. Many want to work in modular construction, and one of the main reasons is to avoid the inclement weather in the outdoor construction industry. Ironwood owner Mark Gaddas likes the mix of employees — young and older, newcomers and people born and raised here. "We have a pretty diverse workforce," Gaddas said. "We've got a really good working relationship with NBCC. Most of our employees have come through one of their programs. We certainly work with the Atlantic immigration program too. We are going to have to look towards immigrants as our workforce needs increase." Companies like Ironwood need the infusion of new people as modular construction becomes a key driver in a housing sector that's trying to keep pace with a growing population in New Brunswick and across the country. To keep pace itself, Ironwood is building a new 100,000-square-foot factory to replace the 10,000-square-foot one. The current plant produces a house every one to two weeks, and has turned down opportunities to do projects such as multi-unit apartment buildings because it would tie up their operations for weeks, and they'd have to turn away house builds that are the staple of the business. "We've got 33 guys on the floor right now, and they go non-stop," Gaddas said. Brandon Searle, the director of innovation and operations of the Off-site Construction Research Centre at the University of New Brunswick, says speed is a key feature of modular construction, which is especially important given Prime Minister Mark Carney's commitment to doubling the amount of new homes constructed per year to 500,000. "I don't think the country's ever built much more than 250,000," Searle said. "If you want to really produce that, we have to rethink how we do things." The UNB centre works with industry partners on innovative pre-fabricated solutions in panellized, precast concrete, mass timber, modular construction, and has produced a simulation for the production design and flow in the new Ironwood facility. Carney has said that modular and other forms of pre-fabricated construction will be critical to doubling the amount of new housing. The New Brunswick government has said the same. David Hickey, the minister responsible for the New Brunswick Housing Corp., said they're counting on companies to ramp up production, as Ironwood will do when the new plan opens in the fall. The provincial and federal governments have put 2.5 million into helping the company expand its workforce and build a plant that can produce multi-unit buildings and more single-family homes in the $200,000 to $300,000 range. "We need to be doing a better job of making sure we're investing in [modular construction], seeing the economic development opportunity … but also as a solution to the supply crisis that we're in in housing and really solving that question around how we fill the 'missing middle,'" Hickey said. Gaddas said the main attractions for modular-home buyers are speed and price predictability. His team can construct a single-family home in the shop, deliver the large Lego-like pieces by truck to the site, and assemble it all within four to six weeks. A traditional on-site build is four to six months, he said. The price is also locked in once the estimate is done, because there are no cost overruns that come from dealing with weather and co-ordination of tradespeople with on-site construction. "With us it's always on time, on budget," he said. Ironwood currently employs 54 people, with 33 on the shop floor. Gaddas said the new plant will have up to 85, with as many as 65 on the shop floor, ramping up production and opening up new opportunities for the company. "We're essentially recognized as a custom-home builder for single-family homes," he said. "Our new facility will open up additional markets such as the multi-residential, and the hospitality industry, so a lot of your hotel chains now are looking at modular builds. University dormitories can be built using modular technology."
