Word: jointed
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Dates: during 1980-1989
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...software for managing petroleum production at refineries. Minnesota's Honeywell will equip Soviet fertilizer plants with high-tech manufacturing equipment. Occidental Petroleum will build two factories to supply plastics for food packaging, vinyl floors and other uses. Chevron is * discussing an oil-exploration venture, while Monsanto is negotiating joint production of a weed-killing herbicide...
...ventures as well. For the past two weeks, Muscovites have been lining up to buy slices of the first American pizza in the Soviet Union, for 1.25 rubles ($2.10) each at the AstroPizza truck that makes stops around the city. The 18-ft. mobile pizzeria is operated under a joint venture of New Jersey-based Roma Food Enterprises (1987 sales: $100 million) and the City of Moscow...
...reason the Soviets are so enthusiastic about attracting ventures from the West is that they can see the budding success of such arrangements by their East European neighbors. According to a report released last month by the U.N. Economic Commission for Europe, the number of Western joint ventures in the East bloc has surged from just five in 1981 to 166 last year. Hungary leads the Soviet bloc in joint ventures, with 140 formed since 1972. Western firms are allowed to own the majority share of a venture in Hungary, and sometimes receive generous tax breaks. Yugoslavia, the first East...
...like the clothes, many of the products they want to make are already produced in abundant quantities elsewhere. Meanwhile, their Western partners, who are mainly eager to sell products and services in the Soviet Union, must cope with the nonconvertibility of Soviet currency. No matter how profitable a Soviet joint venture may be, U.S. companies have little use for rubles...
...retaliate was made by President Reagan after U.S. weapons experts established that the mines were of Iranian origin. In a series of conferences over the weekend, the President's top military advisers, including Defense Secretary Frank Carlucci, National Security Adviser Colin Powell and Admiral William Crowe, Chairman of the Joint Chiefs of Staff, presented a series of options. Reagan eventually selected a "light" form of retaliation, according to Crowe. It included the targeting for destruction of two oil platforms, the Sassan and the Sirri, that served as bases for Iranian intelligence monitoring in the gulf, and the sinking...