Joint Venture Deal OKd by Dresser, Japanese Firms

From States News Service

Dresser Finance Corp., a Dresser Industries Inc. subsidiary, entered into a joint venture with Komatsu America Corp. and Komatsu America Manufacturing Corp., both subsidiaries of the Japan-based Komatsu Ltd., to engineer, manufacture and market construction and mining equipment.

The joint venture company, Komatsu Dresser Co., will be owned equally by both parent companies, according to a Securities and Exchange Commission filing.

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