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Archive for January, 2014

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Consumer choice delivered by new filter

| January 30, 2014

Japan Tobacco Inc. today announced the pending launch of Mevius Control One, which will feature the ADJUSTABLE® filter that, reportedly, can be used to vary tar levels.

The new 1 mg tar product will go on sale in the prefectures of Fukuoka, Nagasaki, and Saga in mid-February.

The filter is such that consumers can rotate it from a maximum to a minimum setting, an action that increases the volume of air flowing into the filter and, therefore, lowers the level of flavour and aroma.

PMI restructuring for growth in Egypt, North Africa and the Middle East

| January 30, 2014

Philip Morris International is to restructure its business in Egypt as part of an initiative aimed at enhancing its profitability and growth in markets across North Africa and the Middle East.

‘The new business model entails a new contract manufacturing agreement with our long-standing, strategic business partner, Eastern Company S.A.E., the creation of a new PMI affiliate in Egypt and a new distribution agreement with Trans Business for Trading and Distribution LLC,’ PMI said in a press note posted on its website yesterday.

To accomplish this restructuring and to ensure a smooth transition to the new model, PMI will record, in the fourth quarter of 2013, a charge of about $0.10 to its 2013 full-year reported diluted earnings per share.

“Today’s announcement marks the next stage in the highly successful evolution of our business in Egypt, which could not have been achieved without the significant contribution of our long-established partner, Al Mansour International Distribution Company S.A.E.,” said Miroslaw Zielinski, PMI’s president, Eastern Europe, Middle East & Africa Region and PMI Duty Free.

“PMI’s new operational model will ensure business continuity in this dynamic market, where PMI achieved currency-neutral, double-digit earnings growth and strong share gains in 2013. Furthermore, going forward, the new model will assure the continued expansion of our market presence and an increase in our share of the profit pool.”

PMI said that it was the leading international tobacco company in Egypt, where its products are contract manufactured by Eastern Co.

Its market share last year, at 22.9 per cent, was up by 4.7 percentage points on that of its 2012 market share, with the share of its premium brand, Marlboro, up by 1.1 percentage points to an estimated 7.3 per cent, and the share of its mid-priced L&M up by 3.3 percentage points to an estimated 13.1 per cent.

Overall, about 80 billion cigarettes were sold on the Egyptian market last year, about 2.8 per cent more than were sold during 2012.

Last year, the retail pack price of Marlboro, which enjoys close to a 75 per cent share of the premium segment, was E£15.50 (about $2.25).

Growers line up for start of sales season

| January 30, 2014

About 85,360 farmers have so far registered for Zimbabwe’s 2014 tobacco selling season, up from about 65,000 at the same stage of last year, according to a story in The Standard quoting the Tobacco Industry Marketing Board.

The board’s chairperson, Monica Chinamasa, attributed the increase to the ‘lucrative cash payments’ that come with selling tobacco.

“That is the only sector which is presently paying farmers well,” said Chinamasa. “Maize is associated with delayed payments and low prices while cotton is even worse.

“Secondly, tobacco has a ready market. Every farmer wants to grow something which they can sell.”

Lorillard to host results conference call

| January 30, 2014

Lorillard is due to host a results webcast and conference call from 09.00 hours on February 12 following the release of its fourth quarter and full year 2013 results.

The conference call for analysts and investors will be hosted by Murray S. Kessler, chairman, president and CEO, and David H. Taylor, executive vice president, finance and planning and CFO.

A results news release and the webcast of the conference call will be available under the Investor Relations section of Lorillard’s website at www.lorillard.com, where a replay will be available through February 19.

Participation in the conference call will be through (888) 239-6824 (domestic) or (706) 902-3787 (international), using the pass-code 35102157.

The replay of the conference call will be available through (855) 859-2056 (domestic) or (404) 537-3406 (international), using the pass-code 35102157.

Global Forum on Nicotine announced

| January 29, 2014

The First Global Forum on Nicotine is due to be held in Warsaw, Poland, on June 27-28.

Professor Gerry Stimson said that his company, KAC, which will stage the forum, believed the timing was right for such an event, given the fast moving pace of knowledge and understanding around nicotine.

KAC stages public health and addictions conferences, and runs the Nicotine Science and Policy website www.nicotinepolicy.net.

Stimson said the broad idea of the forum was to take further steps to consolidate nicotine – rather than tobacco, cigarettes or tobacco control – as a focus for science and policy. The aim of the meeting would be to bring together a wide range of stakeholders to discuss the developing science of nicotine, patterns and use and uptake, and policy and regulatory issues.

The Conference would examine the current state of the debate about the use of nicotine across the globe; critically examine the science relating to the safety and use of nicotine; allow politicians, scientists, manufacturers, distributors and consumers to exchange views; and facilitate the development of links to enable on-going dialogue between different sectors.

The forum’s website is due to go live next week.

India’s growers asked to stick to quotas

| January 29, 2014

Tobacco growers in the Indian states of Andhra Pradesh and Karnataka have been asked to comply with flue-cured crop targets so as to ensure good prices at auction, according to a story in the latest issue of the BBM Bommidala Group newsletter.

The Tobacco Board of India chairman, K. Gopal, said growers should exercise discipline in sticking to the flue-cured quotas of 102 million kg for Karnataka and 172 million kg for Andhra Pradesh.

“It is of the essence that the crop in the principal states should not exceed 270-275 million kg,” he said.

“Then farmers can expect remunerative prices on the floor.

“The trade should also support the farmers,” he added.

Over-production of flue-cured has been endemic in the two states, where farmers are generally financially impoverished and the opportunity to earn extra cash from tobacco is irresistible.

Meanwhile, two more auction platforms are being built in Karnataka and one more in Andhra Pradesh.