Picanol to discontinue activities of French subsidiary

03 Sep '19

1 min read

Pic: Picanol

Diversified industrial group, Picanol, has announced its intention to discontinue activities of its French subsidiary Burcklé sas at the end of September and close the affected branch. Burcklé is active in the production of reed, sectional frames and twin wire heddles. The announced closure will impact 30 jobs and affected employees were informed of the news.

As a result of the sharp drop in demand for products, which has mainly been due to the geopolitical situation in the market, production is no longer economically viable. Picanol Group is committed to reducing the social impact of this decision as much as possible. The announced closure has no material impact on the results of Picanol Group, said the company in a press release.

Picanol is active worldwide in the fields of mechanical engineering, agriculture, food, water management, the efficient (re)use of natural resources and other industrial markets. The group's products are used in a variety of applications, industrial and consumer markets. (PC)

Fibre2Fashion News Desk – India

More Picanol nv News... More Textiles News - France...