Ursus land $5 mln deal in Iran

Polish tractor manufacturer Ursus has signed a deal with an unit of Iran's Tractor Manufacturing Company (ITMCO), for the delivery of tractor manufacturing pieces worth $5 million, the company said. Deliveries will start in March 2016 and will last six months. Ursus is one of the oldest manufacturers of farming equipment, including tractors, in Eastern Europe. The company was founded in 1893. Recently, it joined forces with Pol-Mot Warfama and has moved its assembly plant to Lublin.