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#Spinning

Picanol Group acquires minority stake in Rieter Holding AG

© 2021 Picanol
Picanol Group has today acquired a minority stake in Rieter Holding AG (SWX: RIEN), amounting to a total of 467,236 shares for a price of 45.4 million EUR (or a price per share of 107.5 CHF). Rieter is the world’s leading supplier of systems for short-staple fiber spinning.

The company develops and manufactures machinery, systems and components used to convert natural and man-made fibers into yarns. As a result of the transaction, Picanol Group is now holding 10% of the share capital of Rieter Holding AG. 


With the financial participation in Rieter Holding AG, Picanol Group wants to further diversify its activities in the textile industry and secure a stable shareholding for Rieter Holding A Gin the long term.


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#ITM 2026

Picanol to present its leading weaving technology at ITM 2026

Picanol is pleased to announce it will be participating in ITM 2026 in Istanbul. This is a key event for industry professionals to engage with the Turkish textile industry as well as the extensive international audience attending the fair. During the event, Picanol will present its latest innovations to the visitors in Hall 8, booth 802.

#ITMA Asia + CITME Singapore 2025

Picanol to exhibit latest weaving technology at ITMA ASIA + CITME, Singapore 2025

At ITMA ASIA + CITME 2025, Picanol (Hall 2 – Booth C204) will unveil the next-generation OmniPlus-i Connect airjet weaving machine, setting a new benchmark in airjet weaving technology. This latest evolution of Picanol’s trusted platform demonstrates how the company continues to deliver innovative, performance-driven solutions that meet the evolving challenges of modern weaving mills.

#ITMA Asia + CITME 2024

Picanol’s will unveil the Supermax, its new rapier weaving machine, at ITMA Asia + CITME 2024

ITMA ASIA + CITME 2024 represents an excellent opportunity for Picanol to once again demonstrate its technological leadership in both airjet and rapier weaving machines. Visitors to the event will experience Picanol’s world premiere of its brand-new Supermax rapier weaving machine. In total, Picanol will have four different high-tech weaving machines as well as its PicConnect digital platform on display.

#Weaving

Picanol opens its new training and service center in Tashkent (Uzbekistan)

Last week, Picanol inaugurated a new training and service center in Tashkent (Uzbekistan), in collaboration with its Uzbek agent, Baror Group. This state-of-the-art facility is strategically located to serve Picanol’s Central Asian customers more effectively. The opening ceremony was organized during CAITME 2024, which is the largest textile machinery exhibition in Central Asia, and it provided the ideal platform to showcase the new center to many industry professionals and customers from Uzbekistan, India, Pakistan, and Tajikistan, among other countries.

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#Spinning

Trützschler’s latest spinning and card clothing innovations at CAITME 2026

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#Spinning

BICO BCF yarn delivers impressive performance in field testing

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#Spinning

Barmag expands its portfolio for PA6/PA6.6 applications — also available as a retrofit solution

With the new type 6020 ceramic oiler, Barmag is introducing a powerful addition to its product portfolio for processing PA6 and PA6.6 yarns. The solution is specifically designed for low-titer applications in the range of 5 to 100 denier.

#Spinning

Pre-Cleaner CL-X: Proven in cotton cleaning – creating value beyond the spinning mill

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#Functional Fabrics

PERFORMANCE DAYS announces new focus topic & forums for October 2026

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#Nonwoven machines

MENANG rapidly resumes production with new ANDRITZ airlay line after major fire

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#Exhibitions & Events

Febratex 2026 to be the largest edition of the leading textile trade fair in the Americas with 10 exhibition halls

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#Raw Materials

Cotton Brazil Dialogues field trip brings international stakeholders closer to Brazil’s cotton production chain

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