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Sweden’s Coloreel receives financing from Nefco for global expansion

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Pic. Nefco



Nefco, the Nordic Inexperienced Financial institution, has signed a mortgage settlement with Coloreel to help its progress and growth on international markets. The know-how developed by Coloreel will result in constructive environmental results inside the textile business by minimising thread waste, use of chemical substances and wastewater. Coloreel is a number one Swedish textile innovation model.

Utilizing 100 per cent recycled polyester threads, Coloreel gives the design freedom of digital print, together with limitless colors and results, whereas delivering high quality embroidery. On-demand thread colouring and totally recycled supplies cut back the environmental impression of embroidery and make Coloreel a novel companion for sustainable clothes corporations, the corporate stated in a media assertion.

Nefco, the Nordic Inexperienced Financial institution, has signed a mortgage settlement with Coloreel to help its progress and growth on international markets. The know-how developed by Coloreel will result in constructive environmental results inside the textile business by minimising thread waste, use of chemical substances and wastewater. Coloreel is a number one Swedish textile innovation model.

All recognized embroidery machines in the marketplace depend on particular person pre-coloured reels of thread for every color used within the embroidery course of. Coloreel’s distinctive, patented know-how addresses this challenge through the use of a single recycled polyester thread as enter, thereby eliminating the necessity for pre-coloured threads, that are a major reason behind wastewater air pollution. Coloreel’s on demand resolution can even cut back the quantity of wasted thread within the embroidery course of.

Coloreel’s innovation was pushed by the numerous environmental impression of the textile business and the challenges posed by conventional strategies of dealing with threads, which require many tons of of thread reels to be stocked whereas nonetheless not guaranteeing the appropriate colors can be found to finish subsequent manufacturing orders.

“We’re excited to supply this financing for Coloreel as a result of the corporate has the potential to make embroidery and clothes manufacturing much more sustainable than it’s in the present day and allow a serious step in the direction of circularity within the textile business,” Fredrik Larsson, funding adviser, Nefco, stated in an announcement.

“The Nefco financing will go a great distance in supporting our worldwide growth. Additionally it is a powerful acknowledgement of the sustainability advantages we are able to supply the textile business,” Torbjörn Bäck, CEO, Coloreel, stated.

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