Sweden's Coloreel receives financing from Nefco for global expansion - Fibre2Fashion

2022-07-02 04:32:25 By : Mr. Jack zeng

Using 100 per cent recycled polyester threads, Coloreel offers the design freedom of digital print, including unlimited colours and effects, while delivering quality embroidery. On-demand thread colouring and fully recycled materials reduce the environmental impact of embroidery and make Coloreel a unique partner for sustainable clothing companies, the company said in a media statement.

All known embroidery machines on the market rely on individual pre-coloured reels of thread for each colour used in the embroidery process. Coloreel’s unique, patented technology addresses this issue by using a single recycled polyester thread as input, thereby eliminating the need for pre-coloured threads, which are a significant cause of wastewater pollution. Coloreel’s on demand solution will also reduce the amount of wasted thread in the embroidery process.

Coloreel’s innovation was driven by the significant environmental impact of the textile industry and the challenges posed by traditional methods of handling threads, which require many hundreds of thread reels to be stocked while still not ensuring the right colours are available to complete subsequent production orders.

“We are excited to provide this financing for Coloreel because the company has the potential to make embroidery and clothing production far more sustainable than it is today and enable a major step towards circularity in the textile industry,” Fredrik Larsson, investment adviser, Nefco, said in a statement.

“The Nefco financing will go a long way in supporting our international expansion. It is also a strong acknowledgement of the sustainability benefits we can offer the textile industry,” Torbjörn Bäck, CEO, Coloreel, said.

Fibre2Fashion News Desk (GK)

The United States economy’s rate of growth is slowing, but consumers...

Apparel/Garments | On 2nd Jul 2022

Apparel exports from Turkiye increased by 17.91 per cent year-on-year ...

The real (price-adjusted) turnover of retail enterprises in Germany...

Led by MMF, Indian apparel exports likely to double in next 3 years

Instagram & fashion will go a long way together

Vandana Narang National Institute of Fashion Technology

Campus placements are low due to lockdowns

Meghna Kishore & Barkha Bhatnagar Das

Being conscious of living mindfully themselves, two sisters embarked on a...

Zetwerk Manufacturing Businesses Pvt Ltd is the largest global...

With its expertise in spinning, knitting, printing and embroidery, Blue...

Alexium International is a specialty chemical development company...

Frank Heislitz Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Ventile is a registered trademark used to brand a special high-quality...

Abhishek Bajaj & Samiksha Bajaj Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Katie Gallagher Label - Katie Gallagher

An internationally recognised American fashion designer, Katie Gallagher’s ...

Reynu Taandon Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Subscribe today and get the latest information on Textiles, Fashion, Apparel.

By submitting you confirm you have read our Terms & Conditions and Privacy Policy.