Ursus continues its expansion in Africa - new $5.02 mln deal

Tractor producer Ursus has signed an annex to the previous agreement with The Federal Democratic Republic of Ethiopia Sugar Corporation (Ethiopian Sugar Corporation) for the delivery of 27 tractors and 54 trailers, worth $5.02 million. Earlier, in August 2015, Ursus signed a deal with Ethiopian Sugar Corporation for the delivery of 174 tractors and 390 trailers in Q4 2015 and Q1 2016 for $30.67 million. Ursus has been producing agricultural machinery since 1893. The company was acquired by Pol-Mot Warfama in 2011.