You do not have access to www.researchgate.net The site owner may have set restrictions that prevent you from accessing the site A Ukrainian business group has acquired Poland’s iconic Ursus tractor brand at a bankruptcy auction purchasing key production assets and pledging to revive the historic manufacturer A Ukrainian business group has acquired Poland’s iconic Ursus tractor brand at a bankruptcy auction snapped up the tractor firm for €17 million after two previous auctions failed to attract buyers leading officials to reduce the price by 40% from €28.7 million Follow our coverage of the war on the @Kyivpost_official including production plants in eastern Polish cities Lublin and Dobre Miasto production machinery and the rights to the Ursus trademark Crow’s owners say that they are committed to preserving Ursus’s agricultural heritage while modernizing the company for the future They also promised to retain the current workforce add specialized staff and enhance Ursus’s production capacity with Krot scheduled to meet employees in the coming week to outline the company’s development plans Ursus looked at expanding with contracts in Ethiopia and introduced electric vehicle prototypes creditors withdrew and the company faced immediate loan recalls Ursus then sought court protection and sold one of its plants for €1.4 million Tractor sales also plunged: Ursus sold 904 units in 2016 sales fell to just 42 and Ursus closed that year with a €13.3 million loss The bankruptcy announcement marks the close of Ursus’s 125-year legacy and nearly a century of tractor production under its brand Ursus developed its first tractor prototype in 1918 in Warsaw its factory was producing the early “ciągówka” models with 25 horsepower nearly half of Poland’s 1.5 million agricultural tractors are Ursus machines See the original here.  Online media registration number: R40-05383 was purchased for PLN 74 million (EUR 17 million) in the third attempt to find a buyer according to private broadcaster Radio Zet Ursus was finally sold during a third auction a restructuring firm tried to sell the company for PLN 125 million before ultimately securing a deal at PLN 74 million a company established in Warsaw just a few months ago and the company’s main focus will remain on producing transportation equipment with additional activities including metal goods manufacturing Ursus initially operated under the name "Przemysłowe Towarzystwo Udziałowe" and produced industrial fittings moving into the production of various engines and later changing its name to Zakłady Mechaniczne URSUS S.A and eventually began producing tractors after World War II with the first one rolling off the assembly line in 1947 The company grew to become one of Poland's largest enterprises during the communist era and old debts combined with falling demand for tractors led to financial difficulties Ursus began selling off assets and attempted multiple restructuring efforts Although the company seemed to find success in international markets for a time The new management aims to develop a fresh strategy for the brand which may include hiring new specialists and boosting production capacity although very little is known about the recently formed company that now owns it It has been over three years since Ursus was declared bankrupt by a court in Warsaw after at least three banks had requested that it be wound down as their loans to the company had remained unpaid and it last made a profit in 2017 it was expected that the assets would be dispersed and the company closed has kept Ursus together as a single entity a search that has now come to a conclusion the price having dropped from €29 million to €17 million one in Dobre Miasto and the other in Lublin Crow SP Z O.O (Poland) which established both itself other than it lists its activities as including aerospace products and parts manufacturing It is also said that arms manufacture features in its activities raising concerns that the facilities were not purchased just for for the continued production of tractors This is despite the company’s new owners reportedly saying that they are committed to preserving Ursus’ agricultural heritage and intend to resume production of farm machinery within 18 months The question mark over the future of the factories is not immediately dispelled by the fact that a prominent Ukrainian newspaper boasts of M.I Crow SP being led by Kyiv-based entrepreneur Oleg Krot a businessman who comes from a software development background rather than industry It also notes that Krot is the head of a consortium of financiers and it is this group that has backed the establishment of the new manufacturing company in Poland been connected with both the Ukranian security forces and the Russian betting trade with a $60 million donation to the Ukrainian army and involvement with 1XBET an online betting company operating in Russia This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page By the decision of the country's Commission on Standarization of Geographical Names the city will be called "Królewiec" The Ministry of Infrastructure said in a statement send to Polish Press Agency (PAP) on Wednesday (May 31) that first road signs with the name "Kaliningrad" have been already replaced with new ones saying "Królewiec" The new signs can be found at national road no Poland's General Directorate for National Roads and Highways says it will replace all road signs with the name "Kaliningrad" by mid-June there are 26 such signs in the region bordering the Russian exclave of Kaliningrad By the decision of the country's Commission on Standarization of Geographical Names while the whole Kaliningrad exclave will be called "Obwód Królewiecki" The resolution became effective the day it was published - on May 9 The Ministry of Development and Technology told PAP in a statement the change of the name was initiated by local governments and backed by the minister The Ministry of Foreign Affairs issued a positive opinion regarding the concept underscoring that Poland was returning to traditional names related with the country's history and national heritage The ministry also assured the change had a symbolic character and did not question the region's nationality the change would not impose any new regulations for businesses or the necessity to update documents The city was established around the castle raised by Teutonic Knights in 1255 which they named Coningsberg in tribute to King Ottokar II of Bohemia who had led the the two crusade expeditions against the pagan Old Prussians Prior to 1255, the establishment was called Twangste. The traditional name of the city in German and Prussian was Königsberg, Karaliaučius in Lithuanian, Karalaučiem in Latvian, Královec in Czech, and Korolewiec in Russian. A university city, home of the Albertina University (founded in 1544), Königsberg developed into an important German intellectual and cultural center, being the residence of Simon Dach, Immanuel Kant, Käthe Kollwitz, E. T. A. Hoffmann, David Hilbert, Agnes Miegel, Hannah Arendt, Michael Wieck, and others. After WWII, the city was annexed by the Soviet Union, while the whole former Prussian province was split between Poland and the USSR. The name Królewiec/Königsberg was replaced with Kaliningrad in 1946, to pay tribute to one of Stalin's main associates M.I. Kalinin, known for co-approving of the decision to execute thousands of Polish officers in Katyń in 1940. Traces of the city's German heritage can be seen in the surviving Brandenburg Gate and the riverside Fishing Village, a dining and shopping destination with re-created medieval-style buildings Źródło zdjęcia głównego: Ministerstwo Infrastruktury Usuń lub wyloguj się z innych urządzeń z karty Twoich urządzeń Więcej informacji o możliwościach rozwiązania problemu znajdziesz na stronie:pomoc.tvn24.pl Więcej informacji o możliwościach rozwiązania problemu znajdziesz na stronie:pomoc.tvn24.pl że nie korzystasz z usługi na więcej niż dwóch urządzeniach jednocześnie Więcej informacji o możliwościach rozwiązania problemu znajdziesz na stronie:pomoc.tvn24.pl Zaloguj się lub wypróbuj za darmo wydanie testowe nie masz konta w serwisie? Dołącz do nas