#Textile processing

2022-10-13

New CFO at Coloreel as the company enters an expansion phase

Saman Khalilian has extensive experience in finance and business development from tech and growth companies, and most recently came from the role of CFO for the Ambea Group's healthcare company Klara.

To be able to grow into a company with international distribution, the embroidery technology company Coloreel has recruited Saman Khalilian as the new CFO.

Saman has a degree in electronics engineering from KTH and a bachelor's degree in economics. He will have an important role in the management team and will actively support the company by creating favourable conditions for the company's expansion phase.

"Coloreel is an exciting company with fantastic potential to take market share with its pioneering embroidery technology. With a strong patent as a foundation, combined with a great team, I am convinced that we will be able to drive growth with a sound cash flow and positive result", says Saman Khalilian.

"The company is now entering an exciting stage as it is on its way to international expansion. Saman's experience with growth companies and his ability to see the company in a broader context, both in the short and long term, will be valuable in Coloreel's continued exciting journey", says Torbjörn Bäck, CEO of Coloreel.

Saman Khalilian took over as CFO in June and will be based at the company's office at Epicenter in Stockholm

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.

Texprocess 2026: Automation, digitalisation and AI reshape textile processing

Investment decisions in textile processing have become increasingly complex. Rising energy prices, labour shortages and geopolitical uncertainties are forcing companies to prioritise technologies that deliver measurable improvements in efficiency and process stability. This applies not only to apparel production, but also to the processing of technical textiles and high-performance materials. Modernisation projects are therefore being evaluated more selectively – but the pressure to upgrade production systems continues to grow. Texprocess 2026 reflects this tension between cautious investment behaviour and increasing technological demand.

KARL MAYER strengthens partnerships in the composites industry at JEC World 2026

KARL MAYER further strengthened its role as a reliable and competent partner to the composites industry at JEC World 2026. The global market leader in textile machinery manufacturing used the trade show to meet key customers, establish numerous new contacts, and engage in in-depth technical discussions.

ABB and Syre partner to explore technologies for industrial-scale textile recycling

ABB has signed a Memorandum of Understanding (MoU) with Swedish textile impact company Syre to jointly explore technologies to support the development of Syre’s first textile-to-textile recycling plant in Vietnam. The agreement establishes a framework for collaboration to investigate how ABB’s automation, electrification and digital technologies could contribute to safe, efficient and scalable operations. It will also explore how these capabilities could further optimize process and quality control performance as Syre advances its ambition to produce circular polyester at industrial scale.

From Nature Performance to Circular Economy: Techtextil 2026 focuses on the future market for technical textiles

Alternative materials and recycling technologies are one of the most important future segments and drivers of innovation in technical textiles. Sustainability goals and regulatory requirements increase their relevance, while advances in performance and economic viability enhance their market competitiveness. Taking place from 21 to 24 April 2026, Techtextil reflects this key industry trend with a growing number of specialised exhibitors. With the new “Nature Performance” label, the leading global trade fair bundles relevant market offerings and facilitates access to new solutions – from natural fibres and yarns to bio-based materials and circular approaches.