Kraig Biocraft Laboratories, Inc. Looking At Entering Cambodian Market
United States-based Kraig Biocraft Laboratories, Inc. has announced its intentions to possibly enter the Cambodian market to support the growth and diversification of its recombinant spider silk production.
Who Are Kraig Biocraft?
Kraig Biocraft Laboratories is a reporting biotechnology company and developer of genetically engineered spider silk-based fibre technologies. The Company has achieved a series of scientific breakthroughs in the field of spider silk technology with implications for the global textile industry.
Cambodia Potential
The Michigan company's existing facilities are expected to continue to increase with a target of one metric ton before the end of 2024 and its founder and CEO, Kim Thompson have surveyed potential production locations in Cambodia to identify areas suitable for production.
The company said via a released statement that Cambodia is in proximity to existing Kraig Labs operations, and is attractive due to its business-friendly environment, as well as specific opportunities identified by the team who were on the ground looking for suitable sites
Thompson said, "Cambodia would be a strong complement to our expanding production operations,. Diversification and expansion of our operations have been a core element of our business model. With the success of the spring production trials, we are now in a position to activate this next expansion stage."
Following their apparent success of the spring trials using silk worms in Southeast Asia led by sericultural expert, Dr. Nirmal Kumar, which involved selecting facilities for expansion, reviewing operational protocols, and meeting with officials and business leaders regarding the Company’s immediate plans, Thompson has headed back to the US to enact the next stages of its spider silk production expansion plan "and complete the Company’s transition from a technology developer to a large-scale spider silk manufacturer.
In April 2024, the company signed an agreement with Lam Dong Agro-Forestry Research Experiment Center (LAREC) regarding the " rearing and breeding of its specialised silkworm" in Vietnam.
Thus, Kraig Biocraft Laboratories in its pursuit of working to add additional potential capacity and diversify its production base is considering the Kingdom as a new production base.