JÖNKÖPING – Textile dyeing innovator Coloreel has taken out a finance agreement with Nordic green bank Nefco to scale its on-demand thread colouring technology.
The company, which says its system minimises waste, chemical use and wastewater, plans to use the loan to support its growth and expansion into global markets.
Coloreel’s technology enables continuous textile dyeing - switching between colours as the thread is processed - on existing industrial embroidery machines.
