In 2nd quarter (Q2) 2021, spin-dyeing company We are SpinDye was able to continue to strengthen its position and several new cooperation agreements have been signed with well-known brands, such as Hugo Boss AG, Metzingen/Germany, and Stokke AS, Ålesund/Norway. Hennes & Mauritz AB (H&M), Stockholm/Sweden, already launched the Innovation Stories collection by using the dyeing technology of We are SpinDye in April 2021.
Sales in Q2/2021 were lower compared to the same period last year, but in comparison Q2/2020 was not negatively impacted in terms of sales by the effects of Covid-19. The company's lead time from contract, prototype to order placement, delivery and scale-up is relatively long.
With the resource-efficient dyeing process for textiles of spin-dyeing company We are SpinDye AB, Stockholm, water consumption is reduced by 75% and chemical consumption by as much as 90% compared with traditional water dyeing of fabric.