Japan-based Spiber Invests in Right to Work Iowa Location
Spiber is a Japanese biotech company that focuses on producing synthetic proteins to replace spider silk in things such as clothing. They are now reporting plans to soon invest in a new location in Clinton, Iowa. In order to start things off, they are investing a total of $101.4 million toward their new manufacturing facility here. Of course, they will need to hire new people in order to run the facility effectively. So this will be a great economic opportunity for the area.
From Area Development Magazine:
“Even during these unprecedented times, Iowa is a place of opportunity and economic vitality. […] I look forward to building on this partnership as we work to broaden and diversify Iowa’s robust manufacturing sector.†[…]
“Iowa has a deep understanding of the positive impact potential of projects like ours and has created an environment that is conducive to success. We are thrilled to bring our production to Clinton.â€
“We’re proud of our unmatched fermentation technology, and we’re excited to partner with Spiber to bring those capabilities together with our engineering expertise and long value-chain to create plant-based polymers that will go into everything from clothes to car seats. […] We’re equally excited to bring this job-creating project to the Clinton region.â€
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