Export award for BAT Korea

| December 7, 2017

British America Tobacco Korea’s plant in Sacheon, South Gyeongsang Province, has received an award for exporting products to the value of more than $200 million, according to a story in The Korea Herald quoting the company.

The Sacheon Factory was said to have exported products worth $208 million to 15 countries between July 2016 and June 2017.

The $200 million mark was reached one year after the plant had exported products valued at $100 million because of the installation of additional capacity at the factory in June.

The factory currently has a capacity of 40 billion pieces a year, comprising 450 brands of combustible cigarettes and heat-not-burn (HNB) Neostiks for use with BAT’s HNB device Glo. The Sacheon factory produces all the Neostiks sold in Korea and Japan.

For reaching the $200-million-mark, BAT received on Tuesday the Export Tower Award at the 54th Annual Trade Day ceremony hosted by the Ministry of Trade, Industry and Energy, and supervised by the Korea International Trade Association.

“BAT Korea Sacheon Factory’s exports doubling within just a year goes on to show that the high quality of ‘Made in Korea’ products is being recognized throughout the globe,” said Matthieu Juery, CEO of BAT Korea.

The Sacheon Factory is said to have maintained since 2003 top rankings among the BAT Group’s 44 factories worldwide in respect of the production quality index and the product quality index.

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Category: Breaking News, Corporate, Financial, Markets

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