2019 was a challenging year for Picanol. The uncertain macroeconomic climate resulted in a worldwide slowdown in the machine market. Nevertheless, Picanol was still able to perform fairly well despite these difficult conditions and we are now starting to see the first signs of recovery in the market. That is really positive!
On reflection, whilst 2019 was not easy, we still managed to achieve a lot as a company. In June 2019, we participated in the 18th edition of ITMA, which took place in Barcelona. Our new OmniPlus-i airjet weaving machine got some great feedback from all those present at the event and once again Picanol excelled as a technology leader in the sectors of airjet and rapier weaving machines.
Another positive note was our new campaign – building on our Let’s grow together theme, some children showed us what the future will look like in terms of behavior and habits. This concept conveys how everyone at Picanol wants to ensure our customers are fully prepared for the future.
And then we had the big milestones: the 100,000th airjet weaving machine was delivered and we also produced the 30,000th BlueBox machine control unit last year!
Thank you to everyone for all of your support and commitment in 2019. We are confident that by working in close collaboration, 2020 will be a great year for all of us. Let’s grow together!
CEO Picanol Group