Institution: Picanol Group

Picanol Group

Picanol develops, produces and sells high-tech weaving machines where insertion is based on airjet or rapier technology. Picanol supplies weaving machines to weaving mills worldwide in more than 100 countries, and also offers its customers products and services such as weaving frames and reeds, training courses, upgrade kits and spare parts. Via the PicConnect digital platform, Picanol offers also digital services to its customers, facilitating them to optimize their operations.

Picanol has been an international pioneer for more than eighty years and it ranks among the world's top weaving machine manufacturers. Picanol can rely on a strong R&D team, keeping it at the helm of innovation in the weaving machine industry and has obtained over 800 patents. Picanol’s product development philosophy is built on 4 principles: Smart Performance, Sustainability Inside, Driven by Data and Intuitive Control.

Picanol has production plants in Ieper (Belgium) and Suzhou (P.R. China), and has local sales- and service centers in Greenville (USA), Mexico City (Mexico), Sao Paolo (Brazil), Ieper (Belgium), Istanbul (Türkiye), New Delhi (India), Bandung (Indonesia) and Suzhou (P.R. China).

Picanol is part of Picanol Group, a business unit of of Tessenderlo Group (Euronext: TESB) and is composed of four branded entities: Picanol (weaving machines), Proferro (foundry and mechanical finishing), Psicontrol (development and production of electronics) and Melotte (3D metal printing & high precision manufacturing).