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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 enlargement on international markets. The expertise developed by Coloreel will result in optimistic environmental results throughout the textile business by minimising thread waste, use of chemical compounds and wastewater. Coloreel is a number one Swedish textile innovation model.

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

Nefco, the Nordic Inexperienced Financial institution, has signed a mortgage settlement with Coloreel to help its progress and enlargement on international markets. The expertise developed by Coloreel will result in optimistic environmental results throughout the textile business by minimising thread waste, use of chemical compounds and wastewater. Coloreel is a number one Swedish textile innovation model.

All identified 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 expertise addresses this situation 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 answer will even scale 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 a whole lot 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 offer 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 right now and allow a serious step in the direction of circularity within the textile business,” Fredrik Larsson, funding adviser, Nefco, mentioned in a press release.

“The Nefco financing will go a good distance in supporting our worldwide enlargement. Additionally it is a powerful acknowledgement of the sustainability advantages we will supply the textile business,” Torbjörn Bäck, CEO, Coloreel, mentioned.

Fibre2Fashion Information Desk (GK)



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