Ursus continues its expansion in Africa

Tractor producer Ursus has signed a deal with The Federal Democratic Republic of Ethiopia Sugar Corporation (Ethiopian Sugar Corporation) for the delivery of tractors, trailers and spare parts worth $30.67 million. "The company will deliver 174 tractors and 390 trailers in Q4 2015 and Q1 2016," a press release read. Ethiopian Sugar Corporation has the right to expand the order by 25 percent of its value before September 30, 2015. Ursus specializes in manufacturing tractors. The company was acquired by Pol-Mot Warfama in 2011.