Kraig poised to begin operating in Vietnam - sportstextiles: Lea SportsTextiles

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Kraig poised to begin operating in Vietnam

03/05/2018
Hot on the heels of last week’s news that it had been given the green light to establish a subsidiary in Vietnam, spider silk-based fibre developer Kraig Biocraft has announced it has received the Enterprise Registration Certificate (ERC) it requires to begin its operations in Vietnam.

“These licenses to operate in a traditional silk producing region are the most substantial milestones for Kraig Labs commercial development since the creation of our first spider silk transgenics,” said Kraig founder and CEO, Kim Thompson. “Our teams in the US and in Vietnam have been working closely with officials in Quang Nam province and with central government ministries to bring this long-standing vision to reality.”

The company had already announced that its Vietnamese subsidiary will be known as Prodigy Textiles Co. Its management team is now preparing to hire staff for the new facilities and is prepping the first shipment of transgenic silkworms from its US research headquarters to Vietnam. 

Related stories:

Kraig has new commercial markets on its radar 31/05/2019
New site is ‘springboard’ for Kraig in Vietnam 16/05/2019
Kraig secures further funding for Vietnam facility 14/03/2019
Kraig delivers first silkworms to Vietnam 11/01/2019
Kraig prepares to import silk worms into Vietnam 21/11/2018
Kraig accelerates development of new spider silk fibres 24/09/2018
Kraig celebrates silk fabric breakthrough 26/06/2018
Kraig gets go-ahead for Vietnamese subsidiary 26/04/2018
Kraig exceeds its own expectations with new spider silk cocoons 09/04/2018
Kraig prepares for “the next step” with new transgenic silkworms 30/01/2018
Kraig takes important step towards Vietnam expansion 23/10/2017
Kraig to bring together research and production teams 04/10/2017
Kraig eyes medical applications for spider silk 30/08/2017
Kraig picks location for Vietnamese facility 25/07/2017
Kraig makes progress on US army contract 19/05/2017
Kraig to expand domestic production capacity 19/04/2017
Kraig secures approval for investment in Vietnam 28/03/2017
Kraig moves closer to Vietnam facility 20/03/2017

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