Home / Knowledge / News / Textiles / Demand for new Picanol weaving machines remain high

Demand for new Picanol weaving machines remain high

22
Apr '10
During the first quarter of 2010, the Picanol Group recorded a consolidated turnover of 78.53 million euros. This is an increase of 87% compared to 41.95 million euros in the very weak first quarter of 2009, but a decrease of 20% compared to the first quarter in 2008 (100.60 million euros).

The Weaving Machines division experienced a clearly improved first quarter with the demand for new Picanol weaving machines remaining high, as expected, following strongly rising demand in Asia. Other regions have recently shown a tentative recovery in the demand for Picanol weaving machines. The Industries division was also able to profit from a gradually improving market in the first quarter, resulting in an increase of activities in various industries like compressors, earthmoving machines, railway equipment and textile machines.

Outlook
The Picanol Group is anticipating an increase in the demand for Picanol weaving machines over the coming months, and expects that this will have a positive impact on the group's activities for the remainder of 2010. As a result of a well-filled order book for weaving machines, the Picanol Group in Ypres is currently recruiting an additional 50 temporary employees to be able to meet the higher production demand.

The Picanol Group will announce its results for the first six months of 2010 on Tuesday 31 August 2010 (after closing of the stock exchange).

On a total of 17,700,000 shares, 15,360,594 shares were present or represented at the meeting.

The General Meeting approved the annual accounts, the annual report and the proposed appropriation of the result. The General Meeting also granted discharge to the members of the Board of Directors and the statutory auditor.

At the proposal of the Board of Directors, the General Meeting has appointed Mr. Luc Tack and Mr. Stefaan Haspeslagh as non-independent directors. The Board of Directors has appointed Mr. Stefaan Haspeslagh as Chairman.

Picanol Group


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search