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On the eve of the publication of the decree facilitating the possession of weapons in Brazil, Forjas Taurus announced Monday (14) the change of corporate name of the company in Taurus Armas.
The company's name is part of the company's "strategy to focus on its core business, the production and sale of weapons," said Salesio Nuhs, president of Taurus.
According to the company, the change is also part of the process of restructuring its operations, "based on sustainable profitability, product quality and improvement of financial and operational indicators."
shares has already doubled this year
The Taurus share price has already doubled this year, as President Jair Bolsonaro is expected to facilitate access to weapons in the country. The preferred shares with priority in the distribution of dividends, accumulated an increase of 104.9% in 2019 until the end of the year. closing of trading session Monday (14) and 130.9% in 2018, according to a survey conducted by the financial information company Economatica.
Only Monday, they grew by 5.6%, while Ibovespa ordinary papers of the company, having the right to vote in badembly, ending at a maximum of 0.87%, setting a new record at 94,474.13 points. increased by 85.8% in 2019 and recorded an increase of 180.8% last year.
Founded in São Leopoldo (RS), Taurus was founded in 1939 as a forge. A few years later, in the 1940s, the company began manufacturing revolvers.
Today, the company also manufactures firearms and shoulder guns (rifles and submachine guns) and is the leading national supplier of arms to the Armed Forces and the Federal and Provincial Police. of the state.
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