Picanol Group (Picanol) is a diversified group. It carries out the development, production and sale of weaving machines, cast iron parts and controllers. The group’s products and services include air-jet machines, rapier weaving machines, spare parts, upgrade kits, accessories, training and service contracts. It also develops and provides solutions such as mechanics, electronics, actuators, HMI and also software for various industries. Picanol offers products and services to industries such as fleet management, compressors, textile machinery, agricultural machinery and general engineering. The group has operations in Europe, the US, Africa and the Middle East. Picanol is headquartered in Ypres, Belgium.
Headquarters
Belgium
Address
Steverlyncklaan 15, Ieper, 8900
Website
www.picanolgroup.com
Telephone
32 57 222111
No of Employees
2,300
Industry
Industrial Goods and Machinery
Revenue (2021)
$3.2B
Picanol Group premium industry data and analytics
Products and Services
| Products |
|---|
| Weaving Machines: |
| Airjet Machines |
| Rapier Weaving Machines |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In September, the company introduced innovations such as the Ultimax in textile technology. |
| 2023 | New Products/Services | In May, the company announced to launch its latest high-tech weaving machines and services at Booth B201. |
| 2022 | New Products/Services | In November, the company announced the digital loom OptiMax-i Connect offers the perfect solution for weaving denim. |
Competitor Comparison
| Key Parameters | Picanol Group | OC Oerlikon Corporation AG | Rieter Holding AG | Schweiter Technologies AG | Hamon & Cie (International) SA |
|---|---|---|---|---|---|
| Headquarters | Belgium | Switzerland | Switzerland | Switzerland | Belgium |
| City | Ieper | Pfaeffikon | Winterthur | Steinhausen | Mont-Saint-Guibert |
| No. of Employees | 2,300 | 13,089 | 5,555 | 4,670 | 973 |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Stefaan Haspeslagh | Chairman; Chief Financial Officer | Executive Board | - | - |
| Luc Tack | Director; Chief Executive Officer | Executive Board | - | - |
| Karen D'Hondt | Compliance Officer; Secretary | Senior Management | - | - |
| Ann Vereecke | Director | Non Executive Board | - | - |
| Chantal De Vrieze | Director | Non Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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