By: G.T.,STA
The Šentjernej-based military gear and weapons producer Arex, owned by the Czech private fund RSBC, is expanding to Brazil where it will set up its first subsidiary abroad.
The director and former owner of Arex Ivan Kralj, who said the company operated at a profit last year, told the STA that in 2021 a plant to manufacture handguns would be launched some 150 kilometres away from Brazil’s capital in a joint venture with Brazil based on a defence agreement signed between the two countries.
