Kraig eyes third production site
05/09/2016
The company has signed a contract with a team of biotechnology regulation experts in the hope of accelerating the process. It will support Kraig’s expansion in the US as well as potential production in Vietnam.
In March, it announced a deal with a Vietnamese governmental identity to develop and produce its technologies in the country. This deal involved the opening of an advanced hybrid silk research and pilot production operation.
“This move to create a third prospective production location has been a consistent element of our long term growth plan for spider silk technologies,” said COO Jon Rice.
“The regional expertise in silk production and the appetite for ground breaking technology makes this a perfect complement to our plans in Vietnam and our new facility in Indiana,” he added.