Institution: Picanol Group

The Picanol Group is an international, customer-oriented group specialized in the development, production and sale of weaving machines engineered casting solutions and custom-made controllers.

Division Weaving Machines: Picanol develops, manufactures and sells high-tech weaving machines based on air (airjet) or rapier technology. Picanol supplies weaving machines to weaving mills worldwide, and also offers its customers such products and services as weaving accessories, training, upgrade kits and spare parts. For more than 80 years, Picanol has played a pioneering role in the industry worldwide, and is one of the current world leaders in weaving machine production.  Division Industries: Proferro comprises the foundry and the group’s machining activities. It produces cast iron parts for e.g. compressors, agricultural machinery, and Picanol weaving machines. PsiControl specializes in the design, development, manufacturing and support custom-made controllers for various industries. In addition to the manufacture of high-precision metal parts, mold making and the revision of dies, Melotte has been involved in the 3D printing of parts for several years.

In addition to the headquarters in Ypres (Belgium), the Picanol Group has production facilities in Asia and Europe, linked to its own worldwide sales and service network. In 2019, the Picanol Group realized a consolidated turnover of 2221 million euros. The Picanol Group employs some 2,300 employees worldwide and is listed on Euronext Brussels (PIC). The Picanol Group was founded in 1936. Since 2013, the Picanol Group has also had a reference interest in the Tessenderlo Group (Euronext: TESB).