Word: furnel
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Dates: during 1990-1990
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...ingenious deal, ICL, a British electronics giant, launched a 1988 joint venture called Furnel International with six Polish partners to make an unlikely combination of computers and furniture. Furnel exports the moderately priced furniture to Western store chains and uses the currency that it earns to buy computer parts from ICL. The venture then assembles the components in Poland and sells the computers to Polish buyers. ICL thus manages to tap markets in both Poland and the West and receive its payment in hard currency...
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