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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
FlexLink Systems inaugurated new international distribution (IDB) and engineering centers near Poznan, Poland, on Nov. 22. With the new operations, FlexLink has “insourced” its delivery services and combined it with complementary services to keep full control of the delivery performance to its customers. The combined operations holds capacities in engineering, pre-assembly of conveyor systems and [...]
A U.S. federal court has spelled out the “corrective statements” District Court Judge Gladys Kessler ordered tobacco companies to make in 2006 when she found them guilty of violating civil racketeering laws and engaging in fraud to deceive the American people about the health risks of smoking. The order requires tobacco companies to make corrective [...]
There is a higher incidence of smoking among South Korea’s young, male white-collar workers than among young, male blue-collar workers, according to a story in The Korea Times quoting the results of a university survey. The survey found that 62.6 per cent of young (19-34 years of age) men working in services and sales were [...]
Malaysia’s health ministry has no plans to introduce plain packaging for cigarettes, according to a story in The Star quoting the deputy minister, Datuk Rosnah Abdul Rashid Shirlin. “The Ministry supports the action of the Australian government in implementing the plain packaging as a move to reduce smoking there,” she said in answering a question [...]
