#Making-Up

2021-07-08

Coloreel secures sek 70 million in private placement

Coloreel, with its unique well-patented technology for digital dyeing of textile thread on-demand, has raised SEK 70 million in a private placement to existing and new shareholders. The funding will be used to support the company's market expansion and growth and to initiate expansion into new application areas such as sewing.

“In this private placement, we bring in a number of exciting and strong investors alongside the existing major shareholders, Robur Ny Teknik, SEB Stiftelsen, Svea Ekonomi and Ilija Batljan, who also participated in this placement. In parallel to this, we now receive more and more new expressions of interest from additional investors which feels very exciting.", says the company's founder and main owner Joakim Staberg.?

“We are noticing a sharp increase in activity as more and more markets open up. Larger orders such as the one recently announced from Tryckhuset AB is great proof that we are on the right track in our ambition to modernize the use of embroidery in the textile industry.”, says Mattias Nordin, CEO of Coloreel

Product and customer benefits

Coloreel's technology for digital dyeing of textile thread on-demand gives embroidery manufacturers and fashion designers a number of significant competitive advantages. The technology maximizes the users' creative potential while minimizing the environmental impact. Higher embroidery quality, no thread waste, no wastewater, creative color changes and above all a complete freedom in the use of colors.

Market and deliveries

The interest from the market is great, from the smallest to the very largest brands in everything from lifestyle and sports to exclusive fashion apparel. Coloreel has chosen to initially enter into close collaborations with some of the world's most famous brands and leading embroidery manufacturers.

The embroidery market is large and includes about 8 million installed embroidery heads worldwide. Each of these embroidery heads can be equipped with Coloreel's technology. Despite the ongoing pandemic, Coloreel, with the help of existing distributors, has delivered its ground-breaking technology to eleven countries in Europe, the United States and Asia, albeit in limited volumes. It has also started business with the world's largest distributor of embroidery machines, US based Hirsch Solutions, which has already installed the technology with several reputable end-customers in the US.

Coloreel Group AB files for bankruptcy

Coloreel Group AB, a pioneering Swedish technology company known for its instant thread dyeing technology, today announced that it has filed for bankruptcy. The decision comes after the company's inability to develop its business volume quickly enough and, related to this, secure the necessary financing.

Precision at the Forefront: Groz-Beckert at ITMA Asia 2024

As ITMA Asia 2024 approaches, Groz-Beckert is set to unveil a range of cutting-edge innovations in textile machinery components. From October 14-18, 2024, visitors can expect a showcase of the company’s latest developments in knitting, weaving, nonwovens, tufting, sewing, and spinning at Hall 4, Booth C04. With a focus on precision and performance, Groz-Beckert’s offerings align with the growing demand for enhanced efficiency and sustainability in textile production.

Global cotton production projected to outpace consumption, but risks remain

Global cotton production is projected to reach 26.2 million tonnes in the 2026/27 season, marginally outpacing estimated consumption of 25.9 million tonnes. However, early-season production risks — including weather volatility and pest pressures — could narrow that buffer as the crop progresses, according to the September 2026 issue of Cotton This Month, published by the International Cotton Advisory Committee (ICAC).

European textile industry calls for €10 handling fee on ultra-fast-fashion imports

The introduction of the €3 customs duty on low-value imports marks an important milestone in Europe’s efforts to address the challenges created by the rapid growth of ultra-fast-fashion imports. Together with the abolition of the €150 customs duty exemption, it demonstrates that policymakers are willing to act when market distortions become impossible to ignore. However, the European textile and clothing industry considers this a first step rather than the final destination.

From smart jackets to laser technology: Mona Neubaur explores Textile Factory 7.0

As part of her summer tour, North Rhine-Westphalia’s Minister for Economic Affairs and Climate Action, Mona Neubaur, visited Textilfabrik 7.0 in Mönchengladbach to experience the project’s innovations first-hand. Under the motto “smart and clean”, the visit focused on innovative technologies and sustainable alternatives for textile production - from smart jackets to the decolourisation of textiles using fungal cultures.

Cinte Techtextil China 2026 has opened today, bringing global innovations and resources to Shanghai

As Asia’s premier platform catering to the evolving needs in technical textiles and nonwovens, Cinte Techtextil China has opened today at the Shanghai New International Expo Centre, gathering over 300 exhibitors from 15 countries and regions. Across Halls W3 to W5, this edition will create chances for fast-growing sectors and emerging trends – such as Mobiltech, Medtech & Protech, Indutech and more. The curated zones, pavilions, and fringe programme are designed to better connect exhibitors with targeted buyers from across China, Asia-Pacific, and further afield. Meanwhile, the Association Village will gather international industry associations to foster even more global collaboration.