{{Unreferenced, date=July 2021
The Picanol Group is a diversified industrial group in the fields of mechanical engineering, agriculture, food, water management, and other industrial markets. The company is based in
Ypres
Ypres ( , ; nl, Ieper ; vls, Yper; german: Ypern ) is a Belgian city and municipality in the province of West Flanders. Though
the Dutch name is the official one, the city's French name is most commonly used in English. The municipality co ...
(
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
), with production plants in
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
and
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
.
Picanol Group has been listed on
Euronext Brussels
The Brussels Stock Exchange (french: Bourse de Bruxelles, nl, Beurs van Brussel), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam, Lisbon and Paris stock exchanges ...
since 1966 (ticker: PIC).
History
The company was founded in 1936 by the Belgian industrialist Charles Steverlynck as ''Weefautomaten Picañol NV''.
In 1966 the company was listed on the
Brussels Stock Exchange
The Brussels Stock Exchange (french: Bourse de Bruxelles, nl, Beurs van Brussel), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam, Lisbon and Paris stock exchang ...
. At the ITMA exhibition in Paris in 1971, Picañol exhibited the MDC, the world’s first electronically controlled flying shuttle machine. In 1989 the foundry division was split off from the other activities and made into a separate company, Proferro NV. In 1989 Picanol became part owner in what was then Protronic (now PsiControl). In 1993 Picanol achieved
ISO 9001
The ISO 9000 family is a set of five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO 90 ...
certification. Verbrugge NV in Belgium and Steel Heddle Inc. in the USA were acquired in 2001. In 2003 among others Burcklé in France joined the group, while GTP Bandung was set up in Indonesia, GTP São Paulo in Brazil and GTP in Mexico.
In 2007, the company launched the new OptiMax-''i'' and GT-Max rapier weaving machines and 2 years later, CEO Luc Tack made his entry. In 2012, Picanol Group opened a new headquarters in India and a new office for Picanol of America.
On the 25th of July 2013, SNPE SA and Picanol Group signed a binding agreement for the sale of a stake held by SNPE SA in Tessenderlo Group, representing 27.52% of the share capital of Tessenderlo Group. In 2015, Picanol Group celebrated the 40th anniversary of the production of rapier weaving machines with the global launch of its new OptiMax-''i'' rapier machine. Picanol Group also launched two new weaving machines for the weaving of
terrycloth
Terrycloth, terry cloth, terry cotton, terry toweling, terry, terry towel, or simply toweling is a fabric woven with many protruding loops of thread which can absorb large amounts of water. It can be manufactured by weaving or knitting. Terryclo ...
: the TerryMax-''i'' (rapier) and the TERRY''plus'' Summum (airjet).
See also
*
Textile manufacturing terminology
The manufacture of textiles is one of the oldest of human technologies. To make textiles, the first requirement is a source of fiber from which a yarn can be made, primarily by spinning. The yarn is processed by knitting or weaving, which turns y ...