Nucor has a number of growth initiatives, including new natural-gas furnace operations, strategic acquisitions and international joint ventures.

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It has, however, helped to pave the way for commercial activities and international joint ventures of a non-threatening kind that are helping to keep both organisations afloat.

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The interests of Brazilian travellers might be better served if the airlines rationalised their international routes and sought joint ventures with foreign airlines instead.

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They too want to reopen some of their closed mines to look for low-grade ore, and plan to expand production through joint ventures with international players.

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O'Reilly already had two overseas joint ventures with publisher International Thompson.

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In the last five years 10 international channels have been launched, bringing the total of overseas networks to 32 (14 wholly owned, 18 joint ventures) in 194 countries and territories.

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