Warren Buffett – No More Modular Homes And Offices; Warren Buffett With New Venture
- Warren Buffett-backed startup in the field of modular construction
- A company called Mitech is preparing to experiment in the construction sector
- Acquisition of big projects
Think of real estate construction as car manufacturing. Modular offices and homes that make construction easier will be the trend now. Investment guru Warren Buffett is also behind the idea. A startup owned by Warren Buffett’s Berkshire Hathaway is currently trending in this area.
It may grow into a more promising business in the future. MITEC, a Missouri-based construction and technology company, has come up with a new construction method.
The company has launched a new project with New York-based architect Danny Forster & Architect. The company plans to build full rooms for hotels and apartments adjacent to the factory.
The company has more than 6,000 employees. The company also provides building components, construction and software engineering services.
Modular construction is not a new concept. One challenge is to keep the business profitable. This is a very costly process, including delivering construction materials to the construction site. Completed buildings should be maintained without leaks. The lower the cost of these costly measures, the more likely the venture will be to succeed