#Textile processing

2024-07-11

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.

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.

Gunold showcases embroidery product range and services at Texprocess

At Texprocess 2026, GUNOLD will present numerous hands-on examples related to embroidery in Hall 8, Booth E20. The focus is on creative embroidery designs as well as the extensive product range of threads, nonwovens, and accessories for embroidery and embellishment. “Trade visitors can once again look forward to many new and creative embroidery designs. Of course, we will also showcase the matching products required to bring these ideas to life,” announces Marketing Manager Stephan Gunold.

Texprocess 2026: market overview for strategic future investments

At Texprocess 2026, 200 exhibitors from 28 countries will be represented. In a challenging market environment, the leading trade fair is a constant and reflects progress in textile processing – driven by automation, digitalisation and AI. In addition, international start-ups present their ideas and meet partners from industry and research. Techtextil takes place in parallel with an optimised hall layout.

Textilfabrik 7.0 launched: Mönchengladbach becomes a real-world lab for sustainable textile production

With the official kick-off event of the Textilfabrik 7.0 (T7), a major transformation project for the German textile and apparel industry has been launched in the Monforts Quarter in Mönchengladbach. At the “Textile Roundtable,” an event format organized by the Zukunftsagentur Rheinisches Revier, representatives from industry, research, politics, and the regional economy came together to jointly lay the foundation for CO₂-neutral, circular, and economically viable textile production in Germany.

Future ready nonwovens and fiber processing solutions – Meet Trützschler at Techtextil 2026

From April 21 to 24, 2026, the Trützschler Group will present its future‑ready solutions at Techtextil in Frankfurt, Germany. At Booth C61 in Hall 12.0, Trützschler Nonwovens will showcase its latest developments for efficient nonwovens production, including comprehensive service and consulting solutions. Highlights include the fully upgraded X‑Series nonwoven cards suitable for spunlace, needle‑punching and air‑through bonding (ATB) processes, as well as the T‑ONE digital working environment enhanced with new features. Trützschler Card Clothing will complement the presentation with a new card wire designed with a specially engineered surface for high‑performance nonwoven applications. Visitors can also take a closer look at Trützschler’s complete solution for the recycling of textile waste, TRUECYCLED.

Europe needs tipping point to scale textile-to-textile recycling, BCG and ReHubs say

A new report from Boston Consulting Group (BCG) and ReHubs, titled “Advancing Textile Circularity – Europe’s textile waste challenge: Scaling Textile-to-Textile requires enabling mechanisms”, highlights the urgent need for systemic action to tackle Europe’s growing textile waste and scale a circular textile economy.

Former ASOS CEO Nick Beighton joins Kornit Digital to help shape the future of on-demand fashion

Kornit Digital LTD. (NASDAQ: KRNT) ("Kornit" or the "Company"), a global leader in sustainable, on-demand digital fashion and textile production technologies, today announced it has appointed Nick Beighton, former Chief Executive Officer of ASOS, as a strategic advisor to the Company and its Board of Directors. His appointment reflects Kornit’s continued focus on strengthening its connection to global brands, retailers, and digital commerce platforms as the industry transitions toward on-demand production. The Company plans to nominate Mr. Beighton for election to the Board at Kornit’s 2026 Annual Shareholder Meeting.