Spiber

Executive Summary

Spiber is a leader in the field of biology that creates a material called Brewed Protein. They use a special process involving tiny organisms to make this material, aiming to replace fibers made from oil or animals. The company has protected its business by spending ten years on research into how to design proteins at a microscopic level. They want to use these proteins in high-end sports clothing, cars, and planes. Even though the company earned 40 million dollars in revenue, they ended up with a large 90 million dollar loss because they are spending a lot of money to build and run their big factory in Rayong, Thailand. They have working deals with brands like Goldwin and The North Face Japan which proves the product works, but these deals do not yet cover the high rate of spending cash. People putting money into the company must decide if being a leader in the market is worth the difficult task of making the product as cheap as normal fabrics. This upcoming move to the stock market will show if the public wants to back complex green technology as it tries to grow from a small project into a massive industry. Spiber will only succeed if it can use its Thai factory to lower costs by producing more and fix its shaky financial situation.