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Furukawa Co. said Wednesday it has set up a joint venture in France with Hitachi Construction Machinery Co. to manufacture wheel loaders.

Hitachi-Furukawa Loaders France S.A.S., based in the city of Genas, near Lyon, is owned 50.8 percent by Hitachi Construction Machinery and 49.2 percent by Furukawa, a maker of civil engineering machinery.

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