Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

The $500 million project was the largest ever for the company’s trademarked polymer, a division president said when the plant opened in 2011, after three years of delays triggered by the last recession. Then-CEO Ellen Kullman attended the ribbon cutting. The stated goal then was to boost Kevlar output by 25 percent with “a path forward” to a 40 percent increase.

The growth projections, based on the thought that the fiber was less vulnerable to global competition, turned out to be dead wrong. The spike in demand never materialized, while competing technologies began to crop up under names like Spectra and Teijin and Vectran. By that time, it was too late to halt construction on the Cooper River project, company officials said.

More recently, DuPont reported that Kevlar sales to the military and the oil-and-gas industry have softened.

SPECTRA

TEIJIN

VECTRAN






Labor Day Blessings to All

TRUTH