Established in 2003, Jack Sewing Machine Co., Ltd from Taizhou, China is one of the leading companies in the world involved in manufacturing and R&D of full series of lockstitch, over lock, interlock, special machines, machines for heavy-duty materials and pocket-welting machines. The company recently announced that it is planning to establish a joint venture subsidiary with Shanghai Ouluote Industrial Co., Ltd. — Zhejiang Yikeda Intelligent Technology Co., Ltd. Yikeda has a registered capital of 55 mn yuan, and Jack contributed 38.5 mn yuan, accounting for 70 percent of the registered capital; Ouluote contributed 16.5 mn yuan, accounting for 30 percent of the registered capital.
Yikeda’s main business includes R&D, production, sales and technical services of products and accessories such as hanging smart devices. It will gradually enter the post-sewing field in the future. Before, Jack was the only clothing intelligent manufacturing company providing complete solution & service globally that integrates pre-sewing, sewing and software.
Since Jack was founded in 1995, sewing equipment has always been the company’s core business.
In-sewing equipment is the equipment used for sewing. It is further subdivided into lockstitch sewing machines, overlock sewing machines, interlock sewing machines, special machines, and template machines and so on.
In 2017, Jack acquired the Italian company MAICA which is a service provider for sewing equipment specializing in the development and manufacturing of shirt manufacturing equipments. In 2018, the Italian company VI.BE.MAC was also acquired by Jack. The company is a service provider of sewing equipment specializing in the development and manufacture of sewing denim fabric equipment. And the pre-sewing equipment is a new growth point for Jack’s development.
In 2009, Jack set an example for overseas mergers and acquisitions of private enterprises in the Chinese sewing industry, and entered the pre-sewing field with the German company BULLMER that has 80 years of history and the reputation of “Mercedes-Benz”. Bullmer’s cutting equipment is also suitable for cutting soft products of vehicles, airplanes, yachts and other travel tools. In the ten years that Jack and Bullmer held hands, they have helped each other and complemented each other, and used their performance to create a merger and acquisition story. In 2009, Bullmer’s annual sales were only more than 40 mn yuan; in 2018, Bullmer’s annual sales reached nearly 500 mn yuan.
This time, Jack’s establishment of Yikeda will rely on its technology in the field of hanging to further improve the complete set of clothing intelligent manufacturing solutions pre-, during, and post- sewing, so as to achieve cutting, sewing, ironing, packaging, warehousing etc. the whole process of clothing production.
Established in 2003, Jack Sewing Machine Co., Ltd from Taizhou, China is one of the leading companies in the world involved in manufacturing and R&D of full series of lockstitch, over lock, interlock, special machines, machines for heavy-duty materials and pocket-welting machines. The company recently announced that it is planning to establish a joint venture subsidiary with Shanghai Ouluote Industrial Co., Ltd. — Zhejiang Yikeda Intelligent Technology Co., Ltd. Yikeda has a registered capital of 55 mn yuan, and Jack contributed 38.5 mn yuan, accounting for 70 percent of the registered capital; Ouluote contributed 16.5 mn yuan, accounting for 30 percent of the registered capital.
