Katerra Inc., the SoftBank-backed California company valued at more than $1 billion that aims to disrupt homebuilding, is shutting down a factory in Arizona and cutting 200 jobs.
Michael Marks, CEO of the Menlo Park-based business, told Bloomberg that the work done at a Phoenix plant will shift to a highly automated and lower-cost 577,000-square-foot factory it opened recently in Tracy, south of Stockton.
In a blog post on Katerra's website, the company said it is shuttering the 250,000-square-foot Phoenix building components factory located at 624 N. 44th Ave.
Katerra took over a lease in that industrial building in 2017 that had formerly been occupied by United Beverage Co.
