Chad Dielschneider can point out some highly automated plastic molding machines at Bruin Manufacturing in Marshalltown that have been tirelessly producing milli
From a partnership between Archer Daniels Midland Co. and a Japanese company to produce synthetic spider silk, to a Brazilian company moving its global headquar
Cargill will return about US$2m to state of Iowa in tax credits after failing to hire as many employees for a facility in Cedar Rapids as originally pegged, according to local media outlet Des Moines Register.
The Iowa Economic Development Authority (IEDA) board heard from Cargill last week that it would not be able to meeting commitments made on staffing levels the plant of one of its subsidiaries, animal nutrition supplier, Diamond V.
The board approved the tax credits in 2016 as Diamond V announced it would expand the unit in Cedar Rapids, by 100,000 square feet. It
completed the project in January last year. The factory expansion was made on the back of growth Diamond V had tracked in major global markets.
Des Moines Register
The state is giving food processing giant Archer-Daniels-Midland a $1 million tax credit for an improbable-sounding project: to turn corn into synthetic spider silk.
The company plans to use its wet mills in Clinton to extract a sugar that can form a basic building block of the product, long seen among materials scientists as a moonshot. Researchers from several companies have tried to emulate spider silk, which is strong, light and stretchy. Manufacturers believe the product could be a lucrative material for clothes, makeup, medical supplies, fake hair and even car parts.
Archer-Daniels-Midland s foray into the speculative field began in October, when it announced a partnership with Spiber Inc., a Japanese company that has tried to make a spider silk product since 2007. Archer-Daniels-Midland will ferment the corn and supply the sugar, which Spiber will turn into a dried, powder-like substance that it has trademarked as Brewed Protein.