Debt-stricken Ursus sells two plants

Polish tractor maker Ursus has announced plans to sell two factories as part of a major restructuring programme.

by Steven Vale

15 Oct 2019

Facing debts estimated to be around €27 million, Ursus management are hopeful shareholders (Ursus is listed on the Warsaw Stock Exchange), will approve the decision to sell the two facilities at Opalienitsa (trailers) and Dobre Miastro (farm machinery and tractor parts). The company is reportedly seeking a minimum of €1.27 million for Opalienitsa and in excess of €5 million for Dobre Miastro.

Founded in 1893, Ursus makes an extensive range of farm equipment including tractor loaders and attachments, mowers, balers, tedders, trailers (silage, grain and sugar cane), muck spreaders, disc harrows and even snow ploughs. The firm’s main activity, though, are tractors, the demand for which has fallen dramatically in recent years.

More powerful models up to 278hp are available in the east, but in western Europe the company is best-known for the C-series (50-150hp) tractors.

Source: Agropolska.pl and Mechaman