The factory produces the proprietary 4Wall panelised construction system and has capacity to make kits for five three-bedroom homes every day.
Istidama, previously called Ecomech Structurally Insulated Panels, is run by Christopher Moss, who invented and patented it in 2015.
Project Etopia is owned by 26-year-old Joseph Daniels, with backing from hedge fund speculator Lord (Stanley) Fink. Joseph Daniels joined the board of Istidama in November 2018. Despite his young age, he is already a director of more than two dozen companies.
Project Etopia has a development of 47 modular homes in Corby and 4wall units made at the Ellesmere Port factory will be used to complete the project.
Joseph Daniels said of the new factory: “This is an exciting and important milestone for us that will help us achieve our ambition to produce 21,500 eco-modular homes by 2025. Our modular homes can be built incredibly quickly, and still be given a luxury finish, smart technology and sustainability features as standard.”
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