Kraig Biocraft Laboratories, Inc., a leading biotechnology company and developer of genetically engineered spider silk based fibre technologies, has been awarded an investment certificate for the production of high technology silk in Vietnam’s Quang Nam province. The investment certificate was issued on March 26, 2017 at Quang Nam Investment conference.
The investment certificate award was the necessary and final step before the company seeks central government approval for the expansion of Kraig Labs’ business. The company’s efforts to secure that final approval are well underway.
Kraig’s CEO and founder, Kim Thompson, “This is a huge step forward in our plans to expand production on a large scale. We look forward to the opportunity to revitalise silk production, using high technology, in an area of the world with a strong history of quality silks and textiles.”
Kraig’s COO, Jon Rice said, “While this is a momentous occasion for Kraig Biocraft Laboratories and our shareholders, it is also a turning point in the commercialisation of advanced fibres.” (GK)
Fibre2Fashion News Desk – India