Picanol NV is a Belgium-based company engaged in the development, production and sale of weaving machines and other related technologies for the textile industry. Three core divisions focus on the Group’s target markets. Weaving Solutions (Picanol) which develops, manufactures and sells high-tech weaving machines, based on air (airjet) or rapier (rapier) technology. It supplies weaving machines to weaving mills worldwide. Mechatronics applies itself through PsiControl Mechatronics and Melotte to the design, the development, the manufacturing and support of technological components, services and mechatronical system solutions for original equipment manufacturers in various industries. Manufacturing comprises all foundry activities (Proferro) and the group’s mechanic finishing activities. At December 31, 2008, the Picanol Group had subsidiaries and production facilities in Asia, Europe and the United States, Brazil Mexico and India.