"Ursus signs deal with Iranian company"

WSE-listed tractor producer Ursus signed a memorandum of understanding with Iran Tractor Manufacturing Company on cooperation in use of tractor components, joint production of engines to markets both firms operate on and broad technological dialog, the company said in a market filing. “The memorandum stipulates that both sides will cooperate on use its components to manufacture 47-150 horsepower to be sold on the markets were both sides operate,” the statement said.

The firms will also inquire into the possibility of introducing farming machinery and city buses produced by Ursus onto the Iranian market, the filing stated.