Czech company Thomas CZ will no longer deal in arms

27-11-2009

The company Thomas CZ, one of the leading arms manufacturers in the Czech Republic, stated in its yearly report published on Friday that it will no longer deal in arms. Jiří Tomes, a member of the company’s board said that while Thomas CZ had made profit of 52 million crowns in 2007, it had lost 6 million crowns in 2008. The company will now focus on the sale of agricultural and automotive technologies.