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Picanol N.V. · Ieper Belgium ·(Euronext Brussels: PIC)

Company Description

Ter Waarde 50
Ieper
BE-89-00
Belgium (Map)
Phone: +32-57-222-111
Fax: +32-57-222-220
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    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 TypePublic - Euronext Brussels: PIC

    Headquarters
    2008 Sales (mil.)$398.4
    Employees848

    Picanol N.V. Executives

    8 executives listed for Picanol N.V.'s Ieper,  location.
    TitleName & BioContact
    ChairmanLuc Van NevelNetwork
    Vice ChairmanHugo VandammeNetwork
    CEOLuc TackNetwork

    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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