Poland’s Ursus looks into opening USD 50-100 mn tractor factory in Egypt

Polish agriculture machinery manufacturer Ursus is considering opening USD 50-100 mn tractor factory in Egypt, said Trade and Industry Ministry Tarek Kabil. The company would be working with a local partner on the project, he said, following a meeting with Ursus’ Director for Domestic Trade Marek Włodarczyk. The move comes as part of the company’s expansion into Africa, including in Ethiopia, Tanzania and Zambia, said Włodarczyk, according to Al Masry Al Youm.