Ursus has $70 million portfolio in Africa

Tractor manufacturer Ursus has a portfolio of projects worth $70 million in Africa and the company plans further expansion in the field of manufacturing, distribution and service, said Karol Zarajczyk, the CEO. "New opportunities appear on the market in Iran. The board is also watching the former Soviet republics with interest: Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan. These are the markets that have the potential to play a significant role in the development of sales plans," Zarajczyk said. In 2015, Ursus' export sales grew by 62 percent y/y to PLN 198.5 million, while domestic sales increased by 11 percent to PLN 125.9 million.