Ursus Factory - Ursus Today

Ursus Today

Ursus’ tractor production declined though the 1990s, falling from 60,000 tractors per year in 1980 to about 16,000 tractors in 1995. The decline in production was due to the enormous debt that Ursus contracted as a result of its expansion programme in the 1980s. The need to repay the debt blocked access to funds needed for the daily operations of the factory. In 1996, 550 million złoty, 80% of Ursus’ debt, owed to nearly 700 creditors was written off. Tractor sales continued to decline to an all time low of 1,578 units in 2006.

URSUS Company was established in the years 1998–2003 as a consequence of restructuring and cooperation of PHZ "Bumar" Ltd., ZPC URSUS SA and Ursus Tractor Factory Ltd. The company is still producing Ursus tractors. Bumar Ltd became the main shareholder of Ursus Company. That is why Ursus joined Bumar Industrial Group dealing with Ursus products both on foreign and domestic markets.

In 2007, Uzel Holding of Turkey announced they were buying 51% of Ursus. Both Uzel and Ursus are, or were, licensees of AGCO's Massey Ferguson. In 2008 it was announced that Uzel hadn't kept up to its commitments, and TAFE and Pol-Mot were interested.