Agricultural machinery producer Ursus has inked a contract with Ethiopian company Engineering Corporation of Adama Agricultural Machinery Industry worth $90 million.
The Polish company will supply 3,000 tractors and spare parts for them. It will also provide service centers for the vehicles. Supplies will start in late Q2 or early Q3 2014.
Ursus said that it plans to extend cooperation with the Ethiopian firm to farming machinery and equipment.
Ursus has been making tractors since 1922. In 2011 it moved its production from Ursus (a district of Warsaw) to Lublin. In 2012 it had zł.227 million in revenue.