JUKI, Mitsubishi Electric and Meiryo Technica to form industrial sewing machine joint venture

JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company for the industrial sewing machine market. Meiryo Technica will establish a new company in which JUKI will hold 80% and Mitsubishi Electric will hold 20% ownership. The new company is expected to start operations in May 2022.

“JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company to serve the industrial sewing machine market.”juki.co.jp

• 1 source
• juki.co.jpJoint venture to form new industrial sewing machine business｜News｜JUKI OfficialNov 8, 2021

Summarized from public sources; check the original articles before acting on it.