Professor Schickhofer from the Institute of Timber Engineering and Wood Technology at Graz University of Technology in Austria has laid the scientific and technical foundations for developing CLT. The material is stable, can be used for apartment blocks, and – like timber – is ecologically sustainable and renewable.

The Marcus Wallenberg Prize is presented each year for scientific discoveries within the field of forest industry research. The prize is worth SEK 2 million, and this year's prize-giving ceremony took place at the Grand Hôtel in Stockholm.

The Marcus Wallenberg Prize was founded in 1980 by the former Stora Kopparbergs Bergslags AB (now Stora Enso), of which Marcus Wallenberg (1899-1982) was Chairman of the Board.

Find out more about the prize and the prize winner here .