logo

Sign me up!

FREE MEMBERSHIP

Get your FREE Innovation in Textiles membership. Sign up now...

4th September 2019, Ieper

Picanol plans to discontinue activities of French subsidiary

Picanol Group in Ieper, Belgium. © Picanol/Simon Schmitt

Picanol Group in Ieper, Belgium. © Picanol/Simon Schmitt

Picanol, a leading textile machinery manufacturer, has the intention to discontinue the activities of its French subsidiary Burcklé sas (Bourbach-le-bas, France) at the end of September and it will close the affected branch. Burcklé is active in the production of reed, sectional frames and twin wire heddles.

“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,” the company reports. “The announced closure will impact 30 jobs and the employees affected were informed of this news. 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.”

Picanol Group is a diversified industrial group and it is active 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.

www.picanolgroup.com

This article is also appears in...

Comments

Be the first to comment on Picanol plans to discontinue activities of French subsidiary

|