Picanol N.V. · Ieper Belgium ·(Euronext Brussels: PIC)
Company Description
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This link will open in a new window Picanol develops the machines that make weaving possible. The company makes air jet weaving machines, as well as machines based on rapier technology. Picanol's OEM Business division produces technical components and systems for the textile and other industries under brands such as Protonic, Te Strake Textile, and Steel Heddle. Some 2,600 weaving mills worldwide use Picanol's weaving machines. The company operates production facilities throughout Asia, Europe, and the US. The company launched its air jet weaving machine OMNIplus 800 in 2005. Shareholders Paul Steverlynck and L.J.R.M Tack together control about 61% of the voting rights in the Picanol Group. To read the full description, subscribe now.
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Key Picanol N.V. Financials
| Company Type | Public - Euronext Brussels: PIC Headquarters |
| 2008 Sales (mil.) | $398.4 |
| Employees | 848 |
Picanol N.V. Executives
8 executives listed for Picanol N.V.'s Ieper, location.
| Title | Name & Bio | Contact |
| Chairman | Luc Van Nevel | Network |
| Vice Chairman | Hugo Vandamme | Network |
| CEO | Luc Tack | Network |
Competition
Competitive Landscape for Picanol N.V.
Demand depends on US manufacturing activity. The profitability of individual companies is linked to engineering expertise and operating efficiency. Larger shops have the ability to invest in advanced production machinery. Smaller shops can compete effectively by serving specialized customers, or by providing engineering services. Despite continuing automation, the industry is labor-intensive: average annual revenue per worker is about $120,000. To read the full description, subscribe now.Top Picanol N.V. Competitors
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