Fast-growing construction materials firm Nexii to add $50M Vancouver Island plant
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Construction materials start-up Nexii Building Solutions Inc. has announced plans for another new manufacturing plant that will produce the company’s low-carbon building products.
The B.C.-based firm has been scaling up rapidly over the past year, starting construction of a company-owned plant in Squamish, B.C. in January 2020 and signing licensing agreements with three partners for plants in Alberta, Ontario and Pennsylvania by the summer.
The Vancouver Island facility — the site is still to be determined — also falls under Nexii’s “Certified Manufacturing” partnership program. The 150,000 sq. ft. plant, run by Alexzi Building Solutions Inc., is expected to cost approximately $50 million.
“The construction industry is entering a period of substantial adjustment,” Amber Simpson, Alexzi’s CEO, said in a release. “The environmental concerns from traditional construction methods and the need for innovations that can enhance efficiencies make the Nexii product a perfect solution.”
The exact make-up of Nexii’s composite building panels has not been disclosed, but the company has positioned itself as a lower-carbon alternative to concrete. For instance, a Starbucks cafe built from the company’s panels last year will reduce the building’s carbon emissions by 30 per cent, compared to a conventional store, Nexii said.
The new Vancouver Island facility is expected to open in late 2021 or early 2022.