Taurus changes the name

Forjas Taurus announced the name change of Taurus Armas SA. In a statement sent to the CVM, the company informs that the phrase "Forjas" refers to with the prospect of a change of government, the ordinary shares of the company have appreciated more than 800% during last 12 months.

Initially, the intention of the company was to eliminate only the "Forjas" and pbad to be called Taurus SA To be able to file an application for registration with the board of directors In Rio Grande do Sul, however, it was necessary to complete the name of the company, which became Taurus Armas.

According to Taurus' CEO, Salesio Nuhs, the change "is also part of the company's ongoing restructuring process, based on sustainable profitability, product quality and improved financial indicators and the" The change corroborates the company's strategy of focusing on its core business, the production and sale of arms, as well as on the development of new products The needs of the domestic and foreign market, particularly the United States and the opening of new markets, such as Asia and Africa. "