# Zhejiang Yongan buys 80 rapier looms from Picanol for EUR4.1M

Zhejiang Yongan (08211.HK) entered into a purchase contract with Picanol N.V. on June 8, 2018, to buy 80 rapier looms for EUR4.108 million, for use in manufacturing woven fabric.

- Type: Contract
- Announced: 2018-06-08
- Where: China
- Value: $4.80M (4.11M EUR)
- Status: announced
- Products: rapier looms, woven fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Picanol](https://endata.com/companies/16391.md) (supplier)
- [Zhejiang Yongan](https://endata.com/companies/32458.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/131011.html), 2018-06-08: "于2018年6月8日，该公司与卖方Picanol N.V.订立购买合约，购买80台剑桿织机(作为该集团制造梭织布之用)，总代价为410.8万欧元。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.