#Making-Up

2021-06-23

Coloreel is nominated for the Encouragement for action 2021, Fashion innovation award

The award is given to digital and innovative advances that lead to positive and sustainable changes in the textile and fashion industry.

Coloreel Group AB has been nominated for the prestigious Encouragement for action 2021 award in the category of Fashion innovation.

It encourages companies and individuals that use a new perspective or technology to connect the fashion industry with progressive development. The nominees are selected by an eight persons strong independent jury with representation from the Nordic textile and fashion industry.

Mattias Nordin, CEO, Coloreel, comments;

“We are honoured to be nominated to the Encouragement for action 2021, Fashion innovation award by the Stockholm Fashion District. This confirms that our technology for digital coloring of thread on demand, that creates sustainable and creative fashion details, is a true innovation that supports the textile and fashion industries efforts to reduce the environmental impact.”

Read more about the nomination here:

https://www.stockholmfashiondistrict.se/nyhet/nu-avslojas-de-nominerade-till-encouragement-for-action-2021/

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.

Precision at the Forefront: Groz-Beckert at ITMA Asia 2024

As ITMA Asia 2024 approaches, Groz-Beckert is set to unveil a range of cutting-edge innovations in textile machinery components. From October 14-18, 2024, visitors can expect a showcase of the company’s latest developments in knitting, weaving, nonwovens, tufting, sewing, and spinning at Hall 4, Booth C04. With a focus on precision and performance, Groz-Beckert’s offerings align with the growing demand for enhanced efficiency and sustainability in textile production.

VDMA Textile Machinery with new Executive Board

At the general meeting of VDMA Textile Machinery held in Hanover at the end of September, Dr Janpeter Horn, Managing Director of A. Herzog Maschinenfabrik, was re-elected as Chairman of the trade association. Regina Brückner, managing partner of Brückner Trockentechnik, and Verena Thies, managing partner of Thies Textilmaschinen, will once again serve as vice-chairs for the next four years.

Rieter appoints Daniel Lippuner as new CEO as Thomas Oetterli steps down

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation of the Next Level performance program, the structural measures initiated to consolidate the sites and the acquisition of Barmag, the time has come to hand over responsibility to new hands,” explains Thomas Oetterli.

Kraig Labs ships first commercial spider silk yarn

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company”, “Kraig Labs”, or “Kraig’s”), a world leader in spider silk technology*, today announced the shipment of its first commercial order of recombinant spider silk yarn. The custom-engineered yarn was produced to fulfill a purchase commitment from a globally recognized performance sports brand and is slated for development into a first-of-its-kind performance textile.