Honeywell, Soviets Cut Deal
MOSCOW — Officials of Honeywell Inc., and a Soviet government ministry today announced a multimillion-dollar joint venture to equip Soviet fertilizer plants with high-technology production control equipment.
The deal, one of only a handful between the Soviet government and U.S. businesses, was announced as a group of 400 Americans led by Commerce Secretary C. William Verity arrived for trade talks with Soviet officials. Prospects for more such joint projects, which the Soviets are promoting to help stimulate their economy, are a main topic for the talks.
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