picanol (PIC) Details

Picanol NV engages in the development, production, and sale of weaving machines to weaving mills worldwide. It offers air jet and rapier weaving machines; kits, spare parts, preventive maintenance programs, and service contracts; and weaving accessories, such as reeds, air reeds, frames, and heddles, as well as consultancy, training, and repair services related to weaving machines. The company also provides cast iron parts for compressors, pumps, and agricultural machinery; and electronic and mechatronic systems comprising controllers, power electronics, and electronically-controlled motors for original equipment manufacturers. In addition, it develops and produces product solutions for petrochemical, medical equipment construction, and chemical and pharmaceutical markets. The company’s machines are used in the manufacture of apparel, such as blouses, bottomweights/gabardines, workwear and drills, corduroy, denims, downproof vests, handkerchief and poplins, rain and outerwear, high-twists, interlinings, lawn fabrics, linen suitings, linings, man-made fiber suitings, print clothes, protection wears, seersuckers, sport shirtings, ginghams, synthetic sportswear, and worsted and woollike fabrics; and household fabrics, including bedspreads, blankets, curtains, furnishing/upholstery, inlets, mattress tickings, print clothes, sheetings/percales/flannels, tableclothes/household linens, terry, and voiles. Its machines are also used in the manufacture of technical fabrics comprising airbags, awnings, camping tent clothes, canvas and heavy tent clothes, coating fabrics/tarpaulins, computer ribbons, conveyor belts, filter clothes, flocking backing and osnaburgs, gauzes, glasses, industrial fabrics, parachutes and spinnakers, protection wears, sail clothes, seat fabrics, secondary carpet backings, tire cords, and umbrellas. The company was founded in 1936 and is headquartered in Ypres, Belgium. Picanol NV is a subsidiary of Oostrotex NV.

picanol (PIC) Top Compensated Officers