Picanol NV engages in the development, production, and sale of weaving machines, cast iron parts, and controllers. It operates through the following segments: Machines and Technologies, Agro, Bio-valorization, Industrial Solutions, and T-Power. The Machines and Technologies segment covers the production, development and sale of high-tech weaving machines and other original equipment manufacturers industrial products. The Agro segment includes production, trading and distribution of crop nutrients and crop protection products. The Bio-valorization segment involves in collecting and processing of animal by-products; production and distribution of gelatins and collagen peptides and rendering, production and sales of proteins and fats. The Industrial Solutions segment comprises all possible water applications (water transport, water treatment, leaching, recovery of water from industrial processes). The T-Power segment includes a gas-fired 425 MW power plant in Tessenderlo. The company was founded by Charles Steverlynck On September 22, 1936 and is headquartered in Ypres, Belgium.