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.

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