Home / Knowledge / News / Textiles / Kraig Biocraft speeds up spider silk production ramp-up
Kraig Biocraft speeds up spider silk production ramp-up
25
Jul '18
Courtesy: Kraig Biocraft
Courtesy: Kraig Biocraft
Kraig Biocraft Laboratories has announced that Jon Rice, the company’s COO, held meetings with senior Vietnamese officials, in Quang Nam, and US government officials, at the US Embassy, in Hanoi, Vietnam, to speed up production ramp-up plan for Prodigy Textiles Co., Ltd. Kraig is a developer of genetically engineered spider silk based fibre technologies.

The company has already received its business license for Prodigy Textiles and its investment authorisation for up to US $2.2 million, to fund the first phase of its spider silk commercialisation scale up efforts in Quang Nam. This approved first phase includes the importation of the company’s hybrid silkworms and production of Prodigy Textiles’ unique high performance silk.

During the meeting with officials in Quang Nam, the company requested an acceleration of the project schedule, including authorisation and the investment license for the second phase of operations, with a total investment cap of up to US $50 million. The second phase of the company’s investment plan includes the development of a 50 hectare parcel of land and the construction of a new dedicated factory, designed to support the company’s five year expected recombinant spider silk production output needs. The company has already begun to work with a local architectural firm to develop the plans for this unprecedented facility and spider silk production complex.

Jon Rice, COO said, “Our meetings in Vietnam were highly productive. Working with officials in Quang Nam, our team of consultants, and US government staff in Hanoi, we have establish a clear plan and roadmap to accelerating our efforts to bring affordable spider silk to the global market. The first phase of this effort is underway now and, based on our recent meeting, we hope to have authorisation for the expanded phase two effort well ahead of our initial schedule.” (GK)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th May 2020

Affordable fabric face masks to be manufactured in Egypt

Affordable face masks made of fabric will soon be available in the...

Pic: Shutterstock

Fashion | On 26th May 2020

Brands, designers used to fast fashion urged to change

The Council of Fashion Designers of America (CFDA) and the British...

Pic: Clarks

Apparel/Garments | On 26th May 2020

Clarks to slash 900 jobs as part of turnaround strategy

UK footwear manufacturer and retailer Clarks will slash around 900...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search