Archive for November, 2012

Earnings up at Donskoi Tabak

Earnings up at Donskoi Tabak

| November 29, 2012

Russian cigarette maker Donskoi Tabak on Nov. 20 reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of RUR1.86 billion ($ 59.3 million) in January-September 2012, up 26 percent from a year ago, reports Prima-Tass. Net revenue jumped 71 percent year-year to RUR19.7 billion, volumes rose 2 percent to 23.5 billion cigarettes, and the company’s […]

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Proposal to raise smoking age

Proposal to raise smoking age

| November 29, 2012

Junior Health Minister Martin van Rijn plans to introduce legislation to raise the Dutch legal age to buy tobacco products from 16 to 18, reports DutchNews.nl. Earlier this month, the Dutch cigarette industry association SSI, the smoking tobacco association VNK, and Philip Morris Benelux, called for raising the legal tobacco buying age. Anti-tobacco group Stivoro […]

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Belarus braces for tax hike

Belarus braces for tax hike

| November 29, 2012

The Belarusian government will increase tobacco excise tax rates by between 50 percent and 100 percent, starting Jan.1, reports Oreanda-News. The excise tax rate on filtered cigarettes will increase by 55.6 percent to 110 percent, depending on the price group. The excise tax rates on smoking and pipe tobacco, and cigars will increase by 66.7 […]

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Report dismisses industry claims about plain packaging

Report dismisses industry claims about plain packaging

| November 29, 2012

A report commissioned by Cancer Research UK dismisses the tobacco industry’s claims that the U.K. government’s plans to introduce plain packaging for cigarettes will boost the trade in illegal cigarettes, reports HealthCanal. According to the report, which was prepared by Luk Joossens, advisor to the World Bank, the European Commission and World Health Organization on […]

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Australia’s plain packaging an “anomaly”

Australia’s plain packaging an “anomaly”

| November 29, 2012

Morgan Stanley analysts believe the spread of plain packaging beyond Australia may be “very slow.” Capital markets have been concerned that Australia’s plain tobacco packaging law–the world’s first–could spread to other nations, ultimately commoditizing the tobacco category by hurting brand equity and reducing manufacturers’ pricing power. The analysts base their optimism on the facts that […]

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E-cigarettes may surpass NRT sales

E-cigarettes may surpass NRT sales

| November 29, 2012

Euromonitor International believes the value of the global trade in electronic cigarettes may soon exceed that of non-prescription nicotine-replacement products. In a recent report, the market intelligence provider estimated the worldwide e-cigarette market at $2 billion, compared with $2.4 billion for the NRT market, excluding prescription sales. The report also highlights the increasing involvement of […]

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