Kanematsu Corporation, a Japanese general trading company that handles a wide variety of products and services including Electronics & Devices, Foods, Meat & Grain, Steel, Materials & Plant, and Motor Vehicles & Aerospace, has started a collaboration with Spiber to develop applications spanning numerous industrial fields. Spiber has also issued new shares through a third-party allocation to Kanematsu at this time.

Kanematsu boasts a broad business foundation consisting of more than 130 group companies and a large number of business partners, as well as management resources and intangible assets, including technologies, human resources, networks, value chains, and experience and knowledge in various businesses accumulated over more than 130 years since its foundation. Utilizing these management resources and intangible assets, Kanematsu will promote the adoption of Brewed Protein™ materials across multiple industries with Spiber and Kanematsu’s business partners, aiming for the construction of a circular economy.

Press release can be found here.