#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.

VEIT Group presents product highlights and innovations at Texprocess 2026

At Texprocess 2026 in Frankfurt am Main (April 21–24, Hall 8.0, Stand A18), the VEIT Group presents its latest solutions and product highlights for the industrial production of clothing and the processing of technical textiles. The focus is on efficient technologies for ironing, pressing, fusing, laminating and textile refinishing processes, covering applications from the apparel industry through to technical textiles as well as interior and automotive sectors.

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Innovation as the answer: Techtextil and Texprocess honour solutions to global challenges with the 2026 Innovation Awards

The winners of the Techtextil and Texprocess Innovation Awards 2026 have been announced. Across ten categories, 17 international winners are being recognised for pioneering research, innovative products and materials, as well as new processes and technologies. These innovations provide solutions far beyond the textile industry – including sectors such as automotive, aerospace, medical, architecture, construction and robotics. The awards ceremony takes place on 21 April at Techtextil and Texprocess in Frankfurt. From 21 to 24 April, there is a winners’ exhibition as well as guided tours.

Kornit Digital expands digital production into footwear and technical textiles with Presto MAX PLUS

Kornit Digital (NASDAQ: KRNT) (“Kornit” or the “Company”), a global pioneer in sustainable, on-demand digital fashion and textile production, today unveiled the Kornit Presto MAX PLUS, a new roll-to-roll system expanding digital manufacturing into footwear, automotive interiors, military camouflage, high-performance sportswear, and high-end furnishings. Debuting at Texprocess 2026 in Frankfurt, Presto MAX PLUS enables entirely new applications for on-demand textile production.

Covestro, FILK Freiberg, and OUT e.V. develop flexible, conductive polymer smart textile system

As the smart textiles market continues to grow across healthcare, personal protection, sportswear, and automotive applications, developers are seeking new ways to integrate electronic functionality directly into textiles, without the rigidity and complexity of conventional wiring. To address this challenge, FILK Freiberg Institute, an independent research institution with expertise in polymer coatings for textile applications, collaborated with Optotransmitter-Umweltschutz-Technologie (OUT) e.V. The joint project, funded under the German Industrielle Gemeinschaftsforschung (IGF) program of the Bundesministerium für Wirtschaft und Energie (BMWE), focused on developing flexible, conductive polymer surfaces for next-generation smart textiles.

Global growth in the technical textile sector drives interest in HIGHTEX 2026 to its peak

The continued steady growth of the technical textiles and nonwoven sector worldwide is increasing interest every year in the HIGHTEX Exhibition, one of the sector’s most important meeting points. In this strong growth climate, HIGHTEX 2026 International Technical Textiles and Nonwoven Exhibition, which will bring together the sector’s leading manufacturers, technology providers, and international buyers, is preparing to open its doors at Tüyap Fair and Congress Center on June 9–13, 2026.