Archive for October, 2013

JT to axe people, factories and operations as it opts for profit in challenging times

JT to axe people, factories and operations as it opts for profit in challenging times

| October 30, 2013

Japan Tobacco Inc. is to cut its domestic workforce by about 1,600 people and close factories, sales offices and its vending machine division. The announcement of the retrenchments comes seven months after the Japanese government reduced its share in JT from just over 50 percent to about 33 percent (with 37 percent voting rights). One […]

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Shorter cigarettes launched in India as higher prices force consumption down

Shorter cigarettes launched in India as higher prices force consumption down

| October 30, 2013

Cigarette manufacturers in India are launching shorter-length versions of popular brands in an attempt to revive the market following a sharp surge in prices, according to a story in the most recent issue of the BBM Bommidala Group newsletter. Sales were said to have dropped by about 3 percent during the six months from April […]

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Hole in one for Iggesund’s Invercote

Hole in one for Iggesund’s Invercote

| October 30, 2013

The latest cover of Novum magazine has lifted Invercote paperboard from support act to starring role. The starting point for the cover of the German graphic magazine’s October issue is a tribute to typography. The designer, Clormann Design, played with letters in various typefaces to create a delicate pattern that was then laser cut from […]

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Private members bill calls for imposition of standardized tobacco packs in India

Private members bill calls for imposition of standardized tobacco packs in India

| October 29, 2013

An opposition MP has introduced a private member’s bill into the Indian parliament calling for “logos and company branding to be totally removed from tobacco products,” according to an Australian Broadcasting Corp. report. The proposal is said to be based on standardized packaging legislation imposed in Australia last year. Since Dec. 1, Australia has required […]

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Criminals will take “delight” in tobacco retail fee earmarked for Ireland

Criminals will take “delight” in tobacco retail fee earmarked for Ireland

| October 29, 2013

Newsagents in Ireland have labelled the 10-fold increase in the cost of a tobacco sales licence as a sneak attack on small corner shops, according to an Independent News & Media story. Although the budget measure was not included in the finance minister’s speech, the Department of Health has confirmed on its website that a […]

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Competitive pressures knock back Swedish Match’s 3Q profit

Competitive pressures knock back Swedish Match’s 3Q profit

| October 29, 2013

Swedish Match reported today that its sales during the third quarter to the end of September, at SEK3,230 million, were increased by 1 percent on those of the third quarter of 2012. Operating profit from product areas, which excludes a share of the profit from the Scandinavian Tobacco Group, declined by 11 percent to SEK836 […]

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