JUKI Corporation and YKK Corporation announce Joint-Development Agreement.
JUKI Corporation and YKK Corporation have entered into a Joint Development Agreement on January 24, 2017, to leverage their fastening products and their sewing technologies and expertise to develop solution products focused on resolving various challenges experienced by sewing factories their common customer base.
Outline of the Joint
Development Agreement Jointly develop sewing machines for attaching zippers onto products with distinctive technologies that generate new value for customers in relevant markets
JUKI and YKK are in possession of hard-won development and manufacturing expertise JUKI in sewing facilities and YKK in fastening products. Because sewing machines are the primary vehicle for the attachment of zippers in both the apparel and non-apparel sectors, JUKI and YKK can leverage each other's strengths and jointly develop proprietary sewing technologies for fastening products.
Attaching zippers is one of the most challenging and time-consuming processes of product making, requiring a high level of skill from its operators. The two industry leaders aspire to develop automated, simplified sewing machines for attaching zippers onto products as well as improved fastening products, achieving both a significant improvement in productivity and an advanced manufacturing process that requires much less experience and fewer skills.
JUKI and YKK plan to complete and put on the market their first jointly developed sewing machines for attaching zippers onto products by the end of the fiscal year 2017.
Generate synergy, enhancing their capability for proposing solutions for their common customers
JUKI and YKK have common customers because zippers are mostly sewn onto products using sewing machines. Their sales channels all over the world and their proprietary sewing machines for attaching zippers onto products will allow JUKI and YKK to offer more wide-ranging and in-depth solutions to customers. JUKI's extensive knowledge of garment factories throughout the world and YKK's network of brand holders will give this collaboration a strong competitive edge.
The amalgamation of their technological and service offering capabilities is sure to generate this synergy and support the strengthening and expansion of respective businesses, as well as contribute to the further development of the garment industry.
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|Publication:||Pakistan Textile Journal|
|Date:||Jan 31, 2017|
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