By John Lee.
Polish tractor producer Ursus signed a memorandum of understanding with the Tabriz-based Iran Tractor Manufacturing Company (ITMCo).
Under the deal, the companies will cooperate in the use of components to produce tractors in the 47-150 hp power range, dedicated to the markets where both companies currently operate.
They will also start a dialogue regarding the technological foundation for building a “competitive advantage the through joint launch of new innovative projects“.
(Source: URSUS)
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