Breaking News

573 jobs to be ‘affected’ by Moscow factory closure

573 jobs to be ‘affected’ by Moscow factory closure

| August 3, 2015

Japan Tobacco said on Friday that it was going to close its Moscow factory by the middle of next year because of the serious contraction that had occurred on Russia’s tobacco market. ‘The operating environment has changed dramatically in Russia, with significant declines in tobacco demand driven by tax increases, tighter regulations and a challenging […]

Read More

Greece looking to reduce tobacco tax avoidance

Greece looking to reduce tobacco tax avoidance

| August 3, 2015

Draft legislation introduced in Greece on Thursday is aimed at reducing the country’s black market in tobacco products, according to a story by A. Makris for greekreporter.com. As described, the law would affect all aspects of manufactured tobacco, from packing to retail sales, based on the application of an electronically readable tax and security band. […]

Read More

CORESTA documents available for download

CORESTA documents available for download

| August 3, 2015

The CORESTA Secretariat said today that the following documents had been published in July and could be downloaded from: www.coresta.org. • CRM No. 60 “Determination of 1,2-Propylene Glycol and Glycerol in Tobacco and Tobacco Products by Gas Chromatography” (update) (2015-07-06) • CRM No. 61 “Determination of 1,2-Propylene Glycol, Glycerol and Sorbitol in Tobacco and Tobacco […]

Read More

Imperial improving homes, infrastructure in Vietnam

Imperial improving homes, infrastructure in Vietnam

| August 3, 2015

Imperial Tobacco’s Altadis Foundation has helped improve living conditions and transport infrastructure in the Dong Nai Province of Vietnam. ‘Working with our local partner the Dong Nai Food Industrial Corporation (DOFICO) we’ve supported the building of 10 new homes and have helped fund the opening of a new road in the Vinh Cuu district of […]

Read More

Malaysia’s FCTC steering committee hikes prices

Malaysia’s FCTC steering committee hikes prices

| July 31, 2015

Malaysia’s steering committee of the World Health Organization’s Framework Convention on Tobacco Control (FCTC) has decided that cigarette prices should be raised twice in a year, according to a story in The Star. Health Minister Datuk Seri Dr S. Subramaniam said the decision had been agreed to by the steering committee on Thursday. Under the […]

Read More

Zimbabwe’s export prices up but grower prices down

Zimbabwe’s export prices up but grower prices down

| July 31, 2015

So far this year, Zimbabwe has earned US$322 million from exporting 59.0 million kg of tobacco at an average price of US$5.46 per kg, according to a story in the Bulawayo Chronicle citing Tobacco Industry and Marketing Board (TIMB) figures. During the same period of last year, the country earned US$211 million from exporting 45.8 […]

Read More

Auctions blocked as Malawi rejections hit 60 percent

Auctions blocked as Malawi rejections hit 60 percent

| July 31, 2015

A ‘fracas’ occurred at the auction floors at Lilongwe, Malawi, on Tuesday, apparently over the prices being offered for growers’ tobacco. A Malawi24 report said the auctions had been blocked by growers concerned about the rejection rate, which reportedly reached 60 percent. Usually, a ‘rejection’ occurs when a grower refuses to accept the final price […]

Read More

ITC hits out at tax system in announcing 1Q results

ITC hits out at tax system in announcing 1Q results

| July 31, 2015

In announcing its first-quarter results to the end of June, ITC said that the performance of its cigarette business had reflected the ‘extremely challenging operating environment for the legal cigarette industry in India, which is facing unprecedented pressure on sales volumes’. Despite ITC being a diversified company, cigarettes account for 40 percent of its revenues […]

Read More

Altria’s cigarette, cigar and smokeless volumes up

Altria’s cigarette, cigar and smokeless volumes up

| July 30, 2015

Philip Morris USA’s domestic cigarette shipment volume during the three months to the end of June, at 33,124 million, was up by 3.1 percent on that of the three months to the end of June 2014, 32,134 million. Marlboro shipments increased by 3.0 percent to 28,498 million; shipments of other premium brands fell by 3.4 […]

Read More

Tough tobacco control law passed in Uganda

Tough tobacco control law passed in Uganda

| July 30, 2015

Ugandan lawmakers on Tuesday passed a law banning smoking within 100 meters of public buildings, banning the sale and use of shisha tobacco and banning all forms of tobacco, advertising, promotion and sponsorship, according to a story by Deo Walusimbi for the Observer, relayed by the TMA. Control Bill 2014, which now goes for signature […]

Read More

Japan’s smoking incidence up – or down

Japan’s smoking incidence up – or down

| July 30, 2015

Japan’s adult smoking incidence increased slightly between May 2014 and May 2015, according to figures posted on Japan Tobacco Inc.’s website, but the company believes that the incidence is actually falling in line with long-term trends. JT today announced the latest results of its Japan Smoking Rate Survey, a study that has been carried out […]

Read More

Iggesund announces packaging design winners

Iggesund announces packaging design winners

| July 30, 2015

Iggesund Paperboard has received almost 200 design proposals in response to the challenge it issued earlier this year to the world’s designers to create better and more sustainable consumer packaging. Three of the designs have been chosen and their creators will receive rewards. In addition, the company has opened dialogues with various of the designers […]

Read More

BAT’s first-half volume down but share up

BAT’s first-half volume down but share up

| July 29, 2015

British American Tobacco’s cigarette volume during the six months to the end of June, at 322 billion, was down by 2.9 percent from that of the six months to the end of June 2014. The company estimated that the industry-wide volume decline during this period was 3.5 percent and that it had enjoyed a ‘significant […]

Read More

RAI’s Newport-boosted 2Q volume up by 4.4 percent

RAI’s Newport-boosted 2Q volume up by 4.4 percent

| July 29, 2015

R.J Reynolds Tobacco’s domestic cigarette volume during the three months to the end of June, at 16.3 billion, was increased by 4.4 percent on that of the three months to the end of June 2014, 15.6 billion. Camel volume was increased by 3.5 percent to 5.4 billion, Pall Mall volume was down by 2.2 percent […]

Read More

Andhra sales picking up but volume, prices still down

Andhra sales picking up but volume, prices still down

| July 29, 2015

After a slow start, flue-cured auctions in the Indian state of Andhra Pradesh are proceeding ‘at a satisfactory pace’, according to a story by Ch. R.S.Sarma for Business Line, citing the Tobacco Board of India chairman, K. Gopal. In a story relayed by the TMA, Gopal was quoted as having told media representatives that the […]

Read More

Vector to webcast 2Q results conference call

Vector to webcast 2Q results conference call

| July 29, 2015

The Vector Group is due to conduct a conference call and webcast to discuss its second quarter 2015 results from 09.00 Eastern Time on July 30. Investors can access the call by dialing 800-859-8150 and entering 24708438 as the conference ID number; or by registering at www.investorcalendar.com. A replay of the call will be available […]

Read More