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Kraig's Prodigy Textiles takes control of Vietnam factory

21
May '19
Pic: Kraig Biocraft Laboratories
Pic: Kraig Biocraft Laboratories
Kraig, a developer of spider silk based fibres, has announced that its subsidiary Prodigy Textiles has taken possession of its factory in Vietnam. The company is now retrofitting the nearly 50,000 square foot facility to produce its game changing recombinant spider silk materials. Remodelling efforts are expected to be minimal and completed quickly.

The facility was selected based on its optimal layout and existing infrastructure, according to Kraig.

“Our people on the ground in Vietnam are wasting no time getting this facility into operation. We have outlined a very aggressive timeline for bringing the factory online and we are monitoring progress daily. We are very pleased to see how quickly things are moving and look forward to completing the transition. We expect to make delivery of the first production batch of our recombinant spider silk thread from this factory to one of our strategic market channel partners in the third or fourth quarter,” Kraig’s COO Jon Rice said. (GK)

Fibre2Fashion News Desk – India


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