JUKI, Mitsubishi Electric and Meiryo Technica to launch JUKI TECHNOSOLUTIONS joint venture

JUKI CORPORATION, Mitsubishi Electric Corporation and Meiryo Technica Corporation will establish a joint venture company, JUKI TECHNOSOLUTIONS CORPORATION, to expand into industrial sewing machines for non-apparel industries. JUKI will hold an 80% stake and Mitsubishi Electric a 20% stake.

“JUKI is pleased to announce that the joint venture company, 'JUKI TECHNOSOLUTIONS CORPORATION,' will be established and commence operations on July 1, 2022.”juki.co.jp

• 2 sources
• juki.co.jpJUKI TECHNOSOLUTIONS CORPORATION, a Joint Venture Company in the Industrial Sewing Machines Business, is soon to be launched｜News｜JUKI OfficialMay 9, 2022
• juki.comJUKI TECHNOSOLUTIONS CORPORATION, a Joint Venture Company in the Industrial Sewing Machines Business is Soon to be Launched | JUKI Industrial Sewing MachinesJun 8, 2022

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