Construction firms from Japan and Australia have started work on a 182-meter-high skyscraper in central Sydney in a collaboration to build what will be the world's tallest hybrid-timber building using an eco-friendly wood product.

Engineered wood giant Katerra has sold two of its massive manufacturing plants after filing for bankruptcy. 

At 75 feet tall, it's set to be one of the city's largest CLT buildings.

Canadian pulp and forest products manufacturer Mercer International will expand into the U.S. and into cross-laminated timber with the purchase of a $50 million CLT plant in Spokane, Washington.

Furniture design firm Douglas & Company used leftover cross-laminated timber from a construction project to create a small furniture collection.

Construction of Ascent, a 25-story mass timber building, is underway in downtown Milwaukee, and it's beginning to overtake nearby buildings.