Picanol Revenue and Competitors

In recent decades, the Picanol Group has evolved from a traditional weaving machine builder to a worldwide supplier of total solutions for the textile industry as well as for other industries. \n\nThe group develops, manufactures and sells through Weaving Machines (Picanol) high-tech weaving machines, based on airjet or rapier technology. It supplies weaving machines to weaving mills worldwide, and also offers its customer such products and services as training, upgrade kits, parts and service contracts. \n\nFor more than 80 years, Picanol has played a pioneering role in the industry. Today, it is a world player in the weaving machine industry.\n\nNext to this, the group develops activities for third parties, like the foundry activities (Proferro) and the group’s mechanic finishing activities. It is the ambition to offer the customer engineered casting solutions for middle to large series in a value-driven partnership in the long term. \n\nThrough PsiControl and Melotte the company applies to the design, the development, the manufacturing and support of technological components, services and mechatronical system solutions for original equipment manufacturers in various industries. \n\nNext to the head office in Ypres (Belgium), the Picanol Group has production facilities in Asia and Europe, linked to its own worldwide service and sales network. The Picanol Group employs almost 2,300 employees worldwide and has been listed on Euronext Brussels since 1966 (ticker: PIC).