Archive for December, 2013

Reynolds American declares dividend

Reynolds American declares dividend

| December 6, 2013

Reynolds American Inc. said yesterday that its board of directors had declared a quarterly cash dividend on the company’s common stock of $0.63 per share ($2.52 per share annualized). The dividend will be payable on Jan. 2 to shareholders of record on Dec. 16. The company said that this was the 38th consecutive quarterly cash […]

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“No impact of plain packaging on transactions”

“No impact of plain packaging on transactions”

| December 5, 2013

A study led by Curtin University professor Owen Carter, which timed transactions at retail stores before and after Australia’s plain packaging law took effect in December 2012, found virtually no difference in transaction times, reports the Australian Broadcasting Corp. The study was conducted to investigate claims that transactions would take up to 45 seconds longer […]

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Skycig appoints CFO

Skycig appoints CFO

| December 5, 2013

Skycig, the Scottish e-cigarette company that was acquired by Lorillard in October, has appointed Bruce Casely as its chief financial officer. Casely is the former finance chief of U.S. online advertising firm Digital Globe Services. Skycig’s president and co-founder Tom Rolfe said Casely will help the company integrate smoothly into a global corporation with complex […]

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China’s cigarette output soars despite tobacco control

China’s cigarette output soars despite tobacco control

| December 5, 2013

China’s cigarette production has soared over the past decade, despite efforts to curtail tobacco use, according to a new study, reported by China Daily. Annual cigarette production in the world’s most populous country has increased 50 percent over the past 10 years, according to the report Tobacco Control in China from a Civil Society Perspective […]

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Blackout Cigs to accept virtual currency

Blackout Cigs to accept virtual currency

| December 5, 2013

E-cigarette manufacturer Blackout Cigs has started accepting payments in Bitcoin, a virtual currency. Because Bitcoin is not tied to credit card issuers or banks, the value is transferred directly from the customer to the merchant. As a result, transactions are completed faster and the fees are minimal. “Our mission is to make Bitcoin every merchant’s […]

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22nd Century purchases equipment out of bankruptcy

22nd Century purchases equipment out of bankruptcy

| December 5, 2013

22nd Century Group has purchased the cigarette production equipment used by the defunct Renegade Tobacco in Mocksville, North Carolina, USA. The Clarence, New York-based biotechnology firm intends to manufacture experimental and high-end cigarettes at the plant. 22nd Century paid $3.22 million for the equipment owned by GE Capital during a bankruptcy proceeding. In October, the company […]

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Promotions at Star Tobacco

Promotions at Star Tobacco

| December 4, 2013

Star Tobacco International has made several corporate management appointments. Baldev Mistry has been promoted to the position of vice president, African Region. In capacity, he will oversee all of Star’s commercial operations in Africa, as well as spearhead vertical integration projects in Kenya, Malawi, Tanzania, Uganda and Zambia. He will also be responsible for the […]

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PMI and JTI acquire stakes in Russian distribution firm

PMI and JTI acquire stakes in Russian distribution firm

| December 4, 2013

Philip Morris International and Japan Tobacco International are acquiring equity stakes of 20 percent each in Megapolis Distribution, the holding company of CJSC TK Megapolis, a major distributor in Russia. The companies are paying $750 million each for their stakes. If Megapolis’ operational performance meets certain benchmarks during the four fiscal years following the closing […]

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Tobacco Solutions Asia installs first filter facility

Tobacco Solutions Asia installs first filter facility

| December 4, 2013

Tobacco Solutions Asia (TSAL) has commissioned its first filter rod manufacturing facility, in South Africa. The machine comprises a Hauni KDF line capable of supplying monoacetate filters in various diameters and lengths. The capacity is 8,500 rods per minute. “This completes TSAL’s first African project,” says Frederick Maan, business development manager, TSAL. “We are also […]

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Liggett to enter US e-cigarette market

Liggett to enter US e-cigarette market

| December 3, 2013

Zoom E-Cigs, an indirect subsidiary of the Vector Group, is due to launch Zoom e-cigarettes nationwide in the U.S. from January, according to a Business Wire story. Sales and distribution of Zoom’s first e-cigarette, a non-rechargeable product, will be managed by Liggett Vector Brands. Zoom, a 100 mm, low-weight product with a soft-tip filter, will […]

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Gamucci in deal with retailer Tesco

Gamucci in deal with retailer Tesco

| December 3, 2013

Gamucci today announced a deal with Tesco that will see Gamucci’s e-cigarettes on sale in about 2,000 Tesco Express Stores and Tesco Filling Stations across the U.K. “This further strengthens Gamucci’s retail footprint in the U.K. and follows similar tie-ups with Waitrose, WHSmith and other leading retailers both within the U.K. and overseas,” Gamucci said […]

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EU smokers could be left exposed by Commission plans for e-cigarettes

EU smokers could be left exposed by Commission plans for e-cigarettes

| December 2, 2013

European Commission proposals could leave tobacco smokers within the EU with easy access to tobacco cigarettes but little access to less risky alternatives to these products. According to a story in the European Voice, the commission, whose proposal to regulate e-cigarettes as medicines was turned down by MEPs in October, is now putting forward other […]

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BAT ‘disappointed’ at BMJ U-turn on tobacco-industry funded research

BAT ‘disappointed’ at BMJ U-turn on tobacco-industry funded research

| December 2, 2013

British American Tobacco has said that it is surprised and disappointed by the BMJ group of journals’ recent decision not to consider for publication any scientific studies funded by the tobacco industry. BAT has spent an enormous amount of money in recent years setting up state-of-the-art facilities in which to carry out research into reduced-risk […]

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Nonsmokers set ‘community standard’

Nonsmokers set ‘community standard’

| December 2, 2013

The city council of Perth has become the first in Western Australia (WA) to ban tobacco smoking in shopping malls, according to an Australian Associated Press story. Initially, those found to be smoking tobacco will be cautioned, but fines will be issued from June 1. Rosanna Capolingua, the chairperson of Healthway, the Western Australian Health […]

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PM warns Ireland over packaging plans

PM warns Ireland over packaging plans

| December 2, 2013

Philip Morris Ltd. has warned the Irish government that the introduction of standardized packaging for cigarettes could lead to “an extremely high price” in compensation being paid to multinational tobacco companies by the taxpayer, according to a story in The Irish Times. PM Ltd., an arm of Philip Morris International, was said to have commissioned […]

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UK government does standardized-pack policy U-turn on to median strip

UK government does standardized-pack policy U-turn on to median strip

| December 2, 2013

Cigarettes could be sold in the U.K. only in standardized packs after a government U-turn on a public health policy U-turn. A story in The Guardian said that in a surprise move the government was set to give ministers the power to introduce the policy, though implementation would be subject to an evidence review. The […]

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Safety issues start on the way to work

Safety issues start on the way to work

| December 2, 2013

Imperial Tobacco’s business in Madagascar is providing training aimed at helping its employees stay safe on the country’s roads. The road risk training has been provided for those working at the SACIMEM manufacturing plant in Antsirabe. Outside towns and cities, the majority of roads on the Indian Ocean island are dirt tracks, and many of […]

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