Archive for April, 2013

Sales up, profits mixed at Swedish Match

Sales up, profits mixed at Swedish Match

| April 30, 2013

Swedish Match’s sales increased by 2 percent to SEK2.98 billion ($460 million) during the first quarter of fiscal 2013. In local currencies, sales for the first quarter increased by 5 percent. Operating profit from product areas for the first quarter declined by 8 percent to SEK832 million. In local currencies, operating profit from product areas […]

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Imperial latest to hop aboard e-cig train

Imperial latest to hop aboard e-cig train

| April 30, 2013

Imperial Tobacco, the world’s fourth-largest cigarette group by market share, said it had set up a venture to develop e-cigarettes, as it battles an increasingly tough consumer environment in Europe. The company said Fontem Ventures would look into areas such as e-vapor cigarettes, according to a story published by Reuters. “We’re looking at opportunities and […]

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Video interview: Imperial Tobacco’s half-year 2013 results.

Video interview: Imperial Tobacco’s half-year 2013 results.

| April 30, 2013

CEO Alison Cooper and Financial Director Bob Dyrbus comment on Imperial Tobacco Group’s half-year 2013 results. The video was created by Merchantcantos, a provider of financial news about FTSE100 and FTSE250 companies.

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OLAF report: no evidence against Dalli

OLAF report: no evidence against Dalli

| April 29, 2013

EU anti-fraud office OLAF had no hard evidence that former health commissioner John Dalli tried to solicit a bribe from a tobacco firm. The information comes from its confidential report into the Dalli case, part of which was leaked on Sunday, April 28, by the MaltaToday news agency. In his cover letter to the paper, dated […]

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Coresta announces scientific meetings

Coresta announces scientific meetings

| April 26, 2013

Coresta’s smoke-techno meeting will take place at the Metropol-Parasol Convention Center in Seville, Spain, Sept. 29-Oct. 3, 2013. Hosted by the Imperial Tobacco Group, this is a joint meeting of the organization’s Smoke Science and Product Technology study groups. Coresta’s agro-phyto meeting will take place Oct. 13-17, 2013, at the Borgobrufa spa resort in Torgiano, […]

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Riley to replace Nelson as head of Philip Morris Fortune Tobacco

Riley to replace Nelson as head of Philip Morris Fortune Tobacco

| April 26, 2013

Cigarette maker Philip Morris Fortune Tobacco Corp. will have a new president starting  May 1, taking the reins from Chris Nelson who is retiring effective on the same date. In an emailed statement, the company said Nelson will be succeeded by Paul Riley, another company veteran, as PMFTC president. “Chris has long expressed his desire to retire […]

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Tax hike leaves retailers, puffers smoking mad

Tax hike leaves retailers, puffers smoking mad

| April 25, 2013

An increase in in Canada’s Manitoba province’s tobacco tax has some smokers and tobacconists worried about the holes it’s expected to burn through their wallets and bottom lines. On  April 16, the province announced an immediate $0.04 hike in the tax, to $0.29 per cigarette, as part of its 2013 budget, according to a story in […]

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‘Light’ label could cost Altria $544 million

‘Light’ label could cost Altria $544 million

| April 25, 2013

Altria Group Philip Morris USA unit falsely marketed its “light” cigarettes as a healthier choice than regular cigarettes and should pay $543.6 million in restitution to California smokers, a lawyer said at the start of a trial, according to a story in Bloomburg News. Mark Robinson, who represents smokers who brought the lawsuit as a […]

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Japan Tobacco tops competition, forecast beats estimates

Japan Tobacco tops competition, forecast beats estimates

| April 25, 2013

Japan Tobacco, the world’s best-performing cigarette maker this year, forecast a record profit that beat analyst estimates and raised its projected annual dividend by 35 percent on rising overseas sales and a weaker yen, according to Bloomberg News. Net income will probably be ¥415 billion ($4.2 billion) for the year ending March 2014, the Tokyo-based […]

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BAT sales up 5 pct, driven by global brands

BAT sales up 5 pct, driven by global brands

| April 25, 2013

British American Tobacco reported revenue growth of 5 percent at constant rates of exchange in the first quarter ended March 31, adding that global drive brand cigarette volumes grew by 1 percent. The report stated: Revenue growth of 1 percent at current rates of exchange. Cigarette volumes from subsidiaries fell 3.7 percent to 160 billion, with a decrease […]

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Altria plans e-cig sales, Marlboro demand falls

Altria plans e-cig sales, Marlboro demand falls

| April 25, 2013

Altria Group, the largest seller of tobacco in the U.S., plans to introduce an e-cigarette this year, chasing smaller rivals as demand for traditional smokes declines. The e-cigarette will be sold in an undisclosed market starting in the second half of 2013, Richmond, Virginia-based Altria said today in a statement. The company declined to provide […]

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IMHA urges brand protection

IMHA urges brand protection

| April 25, 2013

The trade body representing the global hologram industry is urging organisations to review and if necessary redouble their brand protection and authentication strategies to stem the “hemorrhage” of counterfeit goods flowing out of china. That’s the stark message from the International Hologram Manufacturers Association (IHMA) which was commenting on a new UN report that says […]

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UK campaigners condemn ‘sexist’ study on plain packaging

UK campaigners condemn ‘sexist’ study on plain packaging

| April 25, 2013

Campaigners in the U.K. opposed to plain packaging of tobacco have described as “sexist” a study that says young female smokers get less satisfaction and less enjoyment from smoking cigarettes that come in plain, standardized packs. Hands Off Our Packs campaigner Angela Harbutt, a smoker, said, “The idea that plain packaging will have a greater […]

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E-cigarettes could turn kids into smokers, health department says

E-cigarettes could turn kids into smokers, health department says

| April 25, 2013

The Philippine health department warned the public on April 12 against e-cigarettes, saying the tobacco substitute could turn children into smokers. E-cigarettes have been gaining favor among Filipinos as higher tobacco taxes make smoking more expensive, according to a story in the Manila Times. Food and Drug Administration director-general Kenneth Hartigan-Go disputed what he said were […]

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Indonesia: Cigarette makers blame costs for lower profits

Indonesia: Cigarette makers blame costs for lower profits

| April 25, 2013

Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent to reach IDR49.03 trillion ($5 billion). However, their spending also increased, jumping 25.6 percent to IDR39.84 trillion. The higher spending and losses from currency fluctuations ultimately saw […]

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TTM wary of decreasing market share

TTM wary of decreasing market share

| April 25, 2013

The Thailand Tobacco Monopoly (TTM) has gradually lost market share to imported cigarettes since the country lifted the tax barrier two decades ago, says director-general Torsak Chotimongkol. Local cigarettes still claim 76 percent of the market, but foreign cigarettes are likely to gain one percentage point to 25 percent by the end of this year, according to […]

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Vietnam’s anti-smoking law to take effect May 1

Vietnam’s anti-smoking law to take effect May 1

| April 25, 2013

Vietnam’s law on the prevention and control of smoking takes effect on May 1, 2013, according to the Health Ministry, according to a story in VietnamPlus. The law, with five chapters and 35 clauses, regulates measures aimed to reduce the demand for tobacco, control supply and prevent tobacco harm, said the ministry at a conference in […]

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China: HongyunHonghe launches cigarette-processing unit in Africa

China: HongyunHonghe launches cigarette-processing unit in Africa

| April 25, 2013

HongyunHonghe Tobacco Group, in southwest China’s Yunnan Province, recently launched its cigarette-processing unit for Africa at the Walvis Bay port in Namibia. The project is intended to produce HongyunHonghe’s Yunyan, Honghe, Honghe and Honghe brands for sale in Africa. The annual production capacity of the unit could reach 1 billion cigarettes.

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TIMB report: nearly $300 million in sales of golden leaf

TIMB report: nearly $300 million in sales of golden leaf

| April 25, 2013

The Tobacco Industry and Marketing Board (TIMB) has recorded close to $300 million from the sales of the golden leaf as more farmers deliver their crop to the country’s three auction floors, according to a story by Zimbabwe’s NewsDay. TIMB shows that as of Wednesday (Day 44), revenue had reached $289 million from 77,787 million […]

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Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

| April 25, 2013

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

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