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Picanol Group

A diversified industrial group

Picanol Group is a diversified industrial group and it is active worldwide in mechanical engineering, agriculture, nutrition, water management, the efficient (re)use of natural resources, and other industrial markets with focus on water. Picanol Group realized a consolidated turnover of 2,741.7 million EUR in 2021. Picanol Group has approximately 7,000 employees worldwide and it is listed on Euronext Brussels (PIC) via Picanol nv.

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

Machines & Technologies, Agro, Bio-valorization, Industrial Solutions, and T-Power

Five business segments

Machines & Technologies segment

Machines & Technologies

The segment Machines & Technologies includes the activities Weaving Machines (Picanol), the foundry and mechanical finishing (Proferro) and the development and production of electronics (PsiControl).

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Agro segment

Agro

The Agro segment combines our activities in the production, trading and marketing of crop nutrients (liquid crop fertilizers and potassium sulfate fertilizers) and crop protection products.

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Bio-valorization segment

Bio-valorization

Our activities in animal by-product processing are combined in the Bio-valorization segment. This consists of PB Leiner (the production, trading and sales of gelatins & collagen peptides) and Akiolis (the rendering, trading, production and sales of proteins and fats).

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Industrial Solutions segment

Industrial Solutions

The Industrial Solutions segment includes products, systems and solutions for the handling, processing and treatment of water, including flocculation and depressants.

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T-Power segment

T-Power

The T-Power segment includes the combined cycle gas turbine (CCGT) with a 425 MW capacity in Tessenderlo (Belgium).

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  • Locations

    + 100 locations in more than 25 countries

  • Employees

    + 7,000 employees worldwide

  • Turnover

    2,741.7 million EUR turnover realized in 2021

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Latest press releases

  • Picanol Group - Press releases

    Disclosure in application of Article 7:97 of the Belgian Code of Companies and Associations

    Wednesday, July 13, 2022

    Press release

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  • Picanol Group - Press releases

    Tessenderlo Group and Picanol Group announce their intention to simplify group structure and combine their activities

    Friday, July 8, 2022
    Tessenderlo Group (Tessenderlo Group nv, Euronext: TESB) and Picanol Group (Picanol nv, Euronext: PIC) today announced their intention to simplify and make more transparent the group structure of both companies, with a view to combining them into one industrial group with eventually one stock exchange listing and one Board of Directors.

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  • Picanol Group - Press releases

    Picanol Group: upward revision of the 2022 outlook as a result of impact of Tessenderlo Group

    Wednesday, June 22, 2022
    Based on the current situation, Picanol Group can confirm it anticipates that the 2022 Adjusted EBITDA will be in line with the 2021 Adjusted EBITDA (430.3 million EUR). The previous outlook projected the 2022 Adjusted EBITDA to be lower than the 2021 Adjusted EBITDA.

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