[pageLogInLogOut]

#Textile processing

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.

Despite many in-depth discussions with financial investors and potential industrial partners to secure additional funding, Coloreel has been unable to overcome its financial hurdles.

Coloreel has aimed to transform the textile industry with unique coloring and design possibilities through a sustainable and efficient thread dyeing process. The company has over 90 customers in the global market, many of them well-known brands. Over 120 granted patents across 45 markets ensure robust protection of the innovative technology.

"It is with a heavy heart that we announce the filing for bankruptcy today. We have been working very hard to introduce a new technology and new ways of working on the global textile market. Despite relentless efforts to grow the business, minimize operational costs, and secure additional funding, the challenges are too great. The board and the management are incredibly proud of what our team has achieved, and we are grateful for the support we have received from our partners, customers, and investors”, states Anders Persson, Chairman of the Board, Coloreel Group AB.

The filing also applies for the daughter company Coloreel AB.



More News from Coloreel

More News on Textile processing

#Textile processing

YKK India holds groundbreaking ceremony for new plant in Southern India

YKK held a groundbreaking ceremony on September 25, 2026, to mark the start of construction of YKK India Private Limited's new plant in southern India. Approximately 40 participants, including Jin Deguchi, Managing Director of YKK India, attended the ceremony.

#Yarns

Durak Maxibalance thread supports users’ movement and balance comfort

Durak Tekstil, a leading brand in its industry, has developed Durak Maxibalance, a new product engineered with bio-ceramic and FAR IR technology. Ushering in a new era for sportswear, activewear, and medical textiles, this technology offers features designed to support balance and movement comfort by reflecting the energy absorbed from the body back into it.

#Sustainability

Jeanologia Sustainability Report highlights environmental impact of textile technologies

Jeanologia has published its Sustainability Report 2025, reporting a 13.64% reduction in its own carbon footprint and quantifying the environmental impact associated with the use of its technologies across the global textile industry. According to the company’s calculations, their use avoided the pollution of 21.52 million m³ of water and emissions of approximately 103,530 tonnes of CO₂ compared with conventional textile finishing processes.

#Associations

Automation, digitalization and new business models are shaping the future of footwear and leather technology

The European footwear and leather machinery industry is facing profound transformations. Global competitive dynamics, technological innovation, automation and digitalization are fundamentally reshaping markets, production processes and business models. This is one of the key findings of the new study “Threads of the Future – Footwear and Leather Technology Edition”, which was presented today by VDMA Textile Care, Fabric and Leather Technologies (VDMA TFL) during a press conference at SIMAC Tanning Tech in Milan.

Latest News

#Functional Fabrics

ROICA™ presents stretch textile innovations from nine partners at PERFORMANCE DAYS 2026

ROICA™ by Asahi Kasei will return to PERFORMANCE DAYS Munich on October 13–14, 2026, presenting textile developments from seven European partners and two Japanese specialists under its global brand message, “STRETCH YOUR FUTURE.” Visitors can discover the developments at Booth P10 in Hall A4.

#IGATEX 2026

SHIMA SEIKI to showcase flat knitting and digital design solutions at IGATEX Pakistan 2026

Leading computerized flat knitting technology provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Pakistani representative ALMURTAZA MACHINERY CO., (PVT) Ltd., will exhibit at the upcoming International Exhibition for Garment, Textile Machinery and Accessories (IGATEX Pakistan 2026) in Lahore, Pakistan, from October 15–18. SHIMA SEIKI will introduce computerized flat knitting machines, 3D design software and various web platforms as proposals for sustainable production through innovative shaping technology and the latest digital solutions.

#Dyeing, Drying, Finishing

Brazilian market leader Cedro Têxtil focuses on greater efficiency, sustainability, and product quality with Brückner

After more than 150 years of company history, Cedro Têxtil is once again embracing the challenges of a changing industry. Widely recognized as the largest manufacturer of workwear fabrics in Latin America, the Brazilian textile company continues to invest in the modernization of its production facilities. A key milestone in this process was the decision to install a state-of-the-art Brückner stenter frame just over a year ago.

#Recycling / Circular Economy

The Or Foundation, adidas, BESTSELLER, H&M Group, and Inditex launch Apparel Recovery Coalition, responding to impacts of post-consumer textile exports

adidas, BESTSELLER, H&M Group, Inditex and The Or Foundation, with support from Circle Economy, unveiled the Apparel Recovery Coalition (ARC). The coalition will explore how producer responsibility systems can support circular pathways such as reuse, upcycling, recycling, and responsible waste management in countries that receive large volumes of exported secondhand apparel.

TOP