November 8, 2021
JUKI Corporation

Mitsubishi Electric Corporation
Meiryo Technica Corporation

Joint venture to form new industrial sewing machine business
JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation haveagreed to establish a joint venture company to serve the industrial sewing machine
market.
Subject to approval by the relevant authorities, Meiryo Technica, a group company of
Mitsubishi Electric which already operates in the industrial sewing machine industry, will
establish a new company in which joint venture partner JUKI will hold 80% andMitsubishi Electric will hold 20% ownership. The new company is expected to start
operations in May 2022.
The purpose of the joint venture company will be to expand business in the industrial
sewing machine market by providing high added-value products and services tocustomers in non-apparel markets such as the automotive industry.
Background to the establishment of the joint venture company
JUKI, an established industrial sewing machine business operating in both apparel andnon-apparel markets such as automotive industry, and Mitsubishi Electric, whosegroupʼs industrial sewing machine business focuses mainly on the non-apparel market,
have agreed to strengthen their business operations in the growing non-apparel market.
To realize this they have decided to establish a joint venture company to operate theirindustrial sewing machine businessʼ for further business growth.
Through this business collaboration, Meiryo Technicaʼs advanced technologies andproduct lineup, developed to meet the needs of the automotive market, and JUKIʼsstrong general-purpose technologies and products will be merged, with additional
resulting growth expected in the non-apparel market by utilizing JUKIʼs global saleschannels.

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Overview of the joint venture company
Company name

JUKI TechnoSolutions Corporation

Location

2-11-1 Tsurumaki, Tama-shi, Tokyo

To be established

April, 2022 (plan)

Start of operation

May, 2022 (plan)

Business

Development, design, sales and after-sales service of industrial
sewing machines etc.

Overview of JUKI Corporation
Location

2-11-1 Tsurumaki, Tama-shi, Tokyo

Established

December 15, 1938
Industrial sewing machine business, household sewing machine

Businessbusiness, industrial equipment business, contract manufacturingbusiness, and the after-sales services etc.

Overview of Mitsubishi Electric Corporation
Location

2-7-3, Marunouchi, Chiyoda-ku, Tokyo

Established

January 15, 1921
Manufacture and sales of electric and electronic equipment used in
Energy and Electric Systems, Industrial Automation (PLC, servo,Business

CNC, HMI, inverter, industrial robot, three-phase motor, magnetic
contactor,

transformer,

softwareetc.),

Information

andCommunication Systems, Electric Devices, and Home Appliances
Overview of Meiryo Technica Corporation
Location

5-1-14, Yada-minami, Higashi-ku, Nagoya-shi, Aichi

Established

November 1, 1980
Production and after-sales service of various factory-automation andBusinessmechatronics components.
Design, production, domestic sales and after-sales service businessof industrial sewing machines.

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<Customer Inquiries>
JUKI Corporation

https://www.juki.co.jp/en/contact-form/
Mitsubishi Electric Corporation

https://www.mitsubishielectric.com/fa/support/＜Media Inquiries＞
JUKI Corporation

https://www.juki.co.jp/en/contact-form/
Mitsubishi Electric Corporation
Public Relations Division

prd.gnews@nk.MitsubishiElectric.co.jp

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