Ursus has $70 million portfolio in Africe

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 also watches with interest the former Soviet republics: 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.