Pulp Giant CMPC Invests in a Startup That Seeks to Replace Concrete With Wood Panels
- Strong By Form develops panels for construction industry
- Deutsche Bahn and BMW among other potential partners
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Chilean pulp producer Empresas CMPC SA is betting on a local startup that is working to create a wood alternative for concrete and steel in the construction industry.
CMPC Ventures, CMPC’s venture capital division, led a $5.2 million investment in Strong by Form, a Chilean startup that develops wood panels that it claims can be used in construction and even in the automotive industry, according to a press release.