Picanol Group realizes strong growth in H1 turnover
05 Sep '11
5 min read
INDUSTRIES The turnover of the Industries division amounted to 66.4 million euros, an increase of 27% compared to the same period in 2010. Following 2010, the Industries division again experienced a strong increase in turnover, by leveraging its engineered casting solutions - with the new molding line (Proferro) - and its controller competences (PsiControl Mechatronics). This was reflected in an increase in the activities and new projects in various sectors. As a result of higher sales the operating result of the Industries division increased to +6.2 million euros versus +0.6 million euros in the first half of 2010.
OUTLOOK The order book is also well filled for the second half of 2011. During this period, the group expects a turnover in line with the turnover achieved in the second half of 2010. The Picanol Group does, however, consider a slowdown will take place in the weaving machine market in 2012. The Picanol Group remains cautious, as it is active as an export-oriented company in a volatile world economy. At the four-yearly ITMA textile machinery exhibition in late September in Barcelona, Picanol will celebrate its 75th anniversary with the introduction of two new products.
Firstly, the new high-end airjet weaving machine OMNIplus Summum will be introduced - the new platform for further developments in airjet weaving machines. Furthermore, Picanol will introduce for the first time a positive rapier weaving machine (a newer version of the OptiMax), which mainly offers prospects for the weaving of technical textiles (e.g. coatings, geogrids etc) and very wide fabrics (up to 540 cm). R&D and product innovation continue to play a central role in the further development of the high-technology activities of the Picanol Group.
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
