# 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.

- Type: Partnership
- Announced: 2022-05-09
- Where: Japan
- Status: announced
- Products: industrial sewing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [JUKI TECHNOSOLUTIONS CORPORATION](https://endata.com/companies/62750.md)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (investor)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [JUKI Corporation](https://endata.com/companies/58952.md) (investor)
- [JUKI Corporation](https://endata.com/companies/58952.md) (partner)
- [Meiryo Technica Corporation](https://endata.com/companies/58953.md) (partner)
- [JUKI TECHNOSOLUTIONS CORPORATION](https://endata.com/companies/62750.md) (partner)

## Sources

- [juki.co.jp](https://www.juki.co.jp/en/news/detail_001093.html), 2022-05-09: "JUKI is pleased to announce that the joint venture company, 'JUKI TECHNOSOLUTIONS CORPORATION,' will be established and commence operations on July 1, 2022."
- [juki.com](https://juki.com/blog/post/juki-joint-venture/), 2022-06-08: "JUKI TECHNOSOLUTIONS CORPORATION will be established and commence operations on July 1, 2022."

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