23 - 07 - 2018

URSUS S.A. with an agreement to establish strategic cooperation with the Agricultural Bank of Sudan

On Saturday, July 21 in Khartoum, in the presence of the Minister of Foreign Affairs of the Republic of Poland, Mr. Jacek Czaputowicz and the Minister of Foreign Affairs of Sudan, Mr. Al-Dirdiri Mohamed Ahmed, Vice-President of the Board of URSUS SA, Michał Nidzgorski signed with the Director of the Agricultural Bank of Sudan Salaheldin Hassan Ahmed an agreement to establish a strategic cooperation aimed at launching the production of URSUS tractors and agricultural machinery in the town of Al Jazirah in Sudan.

The parties pledged to complete the negotiation process in the earliest possible time and enter into a full contract after determining the final value of the project, expected to amount up to several dozen million euros.

Agricultural Bank of Sudan is a state-owned bank with over 60 years of activity in the field of financing agriculture projects. For many years, the bank through subsidiaries has experience in the field of agricultural machinery assembly.

Sudan is another African market on which URSUS tractors will soon appear. As the third largest African country in terms of area, along with the rapidly growing population and economic and political stability after the separation of South Sudan in 2011, it entered a dynamic development path. The basis of the country's economy is agriculture, operating in the majority of the country along the Nile river. The mechanization of the country's agriculture, which is currently at a very low level, has become a priority for the current Sudanese authorities.

Our agricultural vehicles are well-known in Africa and for their reliability, and durability - said Minister Czaputowicz in his statement - I am sure that Sudan, due to its economic potential, population, the growing private sector and a solid institutional base enabling cooperation with the European Union, is a very interesting economic partner for Polish companies.

We are proud of the fact that Sudan is another African partner which is eager to cooperate with us with the intent to carry out the modernization of its agriculture - said Vice-President Nidzgorski - This shows that our experience, commitment and reliability of our tractors and machines, along with the will to transfer technology and create jobs for the local workforce makes us a desirable partner. The projects implemented in Ethiopia, Tanzania and the awaiting project in Zambia are examples of our strategic involvement in the development of agriculture on the African continent, but also contributes to increasing employment and production in our Polish plants in Lublin, Dobre Miasto and Opalenica.