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Turkey’s tobacco exports booming

Turkey’s tobacco exports booming

| August 20, 2013

Turkey is expected this year to export tobacco worth more than $1 billion, which would represent an 18.3 percent increase on last year’s exports, worth $845 million, according to a Hurriyet story quoting data supplied by the Turkish exporters’ association. In July, the value of the country’s tobacco exports surged to $90.3 million, up 120 […]

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Altria employees provide grants of nearly $3 million to local communities

Altria employees provide grants of nearly $3 million to local communities

| August 20, 2013

The Altria Companies Employee Community Fund (ACECF) said last week that it had awarded more than $2.9 million in grants to 140 nonprofit organizations based in some of its operating communities. “Given these difficult economic times, many nonprofits are in more need than ever to continue their missions to address acute needs in their communities,” […]

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Lorillard declares dividend

Lorillard declares dividend

| August 20, 2013

Lorillard on Friday declared a quarterly dividend on its common stock of $0.55 per share, payable on Sept. 10 to stockholders of record as of Aug. 30.

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EU law does not prohibit “atrocious” tobacco product tests on animals

EU law does not prohibit “atrocious” tobacco product tests on animals

| August 19, 2013

EU legislation does not prohibit the testing of tobacco products on animals. This was the gist of an answer given by the European Commission to a number of questions posed by Polish MEP Jarosław Leszek Wałęsa. In introducing his questions, Wałęsa said that while the testing of cosmetic products on animals and the importation of […]

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With cigarette volumes tumbling, Imperial to launch “e-vapor” product next year

With cigarette volumes tumbling, Imperial to launch “e-vapor” product next year

| August 19, 2013

Imperial Tobacco said on Thursday that it was continuing to make “good progress” with its initiatives in the “e-vapor sector” through its subsidiary Fontem Ventures, and that it remained on track to launch its own products in 2014. In publishing an interim management statement, Imperial reported that its stick equivalent [cigarettes and fine-cut] volume fell […]

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JTI’s July cigarette volume increased

JTI’s July cigarette volume increased

| August 19, 2013

Japan Tobacco Inc.’s domestic cigarette sales volume during July, at 10.5 billion, was increased by 3.3 percent on its July 2012 volume, 10.2 billion, which was down by 18.5 percent on that of July 2011, according to preliminary figures issued by the company on Friday. Volume during April–July, at 39.8 billion, was up by 0.7 […]

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Hong Kong exporting fake e-cigarettes

Hong Kong exporting fake e-cigarettes

| August 19, 2013

Hong Kong is the main source of fake electronic cigarettes and e-liquids entering the EU, according to the European Commission’s 2012 annual report on the enforcement of intellectual property rights (IPR). A commission press note said that last year EU customs “detained” almost 40 million products valued at nearly €1 billion “suspected of violating” IPR. […]

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Imperial employees getting stuck in outside the factory gates

Imperial employees getting stuck in outside the factory gates

| August 19, 2013

Imperial Tobacco is supporting a scheme to improve adult literacy in the Dominican Republic and to promote greater social inclusion in the Caribbean nation. The Altadis Foundation and Imperial’s local subsidiary, Tabacalera de García, are jointly backing the Ministry of Education’s “Quisqueya Aprende Contigo” (“Dominican Republic learn with you”) initiative. The foundation will pay for […]

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Fuller builds technical center in Germany

Fuller builds technical center in Germany

| August 19, 2013

Adhesives provider H.B. Fuller has broken ground for a new technical center at its existing site in Lüneburg, Germany. The ceremony, on Aug. 12, was attended by Mayor Ulrich Mädge, along with representatives from the company’s leadership team and local employees. Covering an area of 2,300 square meters, the center will have three sections—one with […]

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Morgan Stanley shares thoughts on e-cigs

Morgan Stanley shares thoughts on e-cigs

| August 16, 2013

In a report summarizing “key thoughts” on e-cigarettes, financial services provider Morgan Stanley acknowledges it has been surprised by the success of e-cigarettes, given the commercial failures of other innovative products such as Accord and Eclipse and the slower-than-envisioned development of tobacco segments such as snus and dissolvables. E-cigarettes have already achieved volume equivalent to […]

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‘Exclude tobacco from trade pact’

‘Exclude tobacco from trade pact’

| August 14, 2013

The Malaysian Medical Association (MMA) has urged for tobacco to be excluded from the Trans-Pacific Partnership Agreement (TPPA), according to a report in The Star. According to MMA President Datuk N.K.S. Tharmaseelan, the overall objective of the TPPA was to increase and facilitate free trade of goods and services, but it should not apply to […]

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Retailers warned over misbranding RYO

Retailers warned over misbranding RYO

| August 13, 2013

The U.S. Food and Drug Administration has warned retailers against misbranding RYO and MYO tobaccos as pipe tobacco. Pipe tobaccos are taxed at significantly lower rates than are cigarette and rolling tobaccos. In recent warning letters to retailers, the FDA stated that while the products are promoted or labeled as pipe tobacco, “the overall presentation […]

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Quarterly loss for AOI

Quarterly loss for AOI

| August 11, 2013

Alliance One International reported a net loss of $36.9 million for the first quarter that ended June 30. In the comparable 2012 quarter, the company posted a net loss of $30.7 million. Revenues for the quarter improved $26.1 million to $383.9 million versus last year. Total kilos sold, at 76.3 million, was similar to last […]

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Dissolvables struggle

Dissolvables struggle

| August 9, 2013

R.J. Reynolds Tobacco Co.’s Camel Orbs, Sticks and Strips dissolvable products have struggled to gain consumer traction even after spending four years in five test markets, according to a story in The Winston-Salem Journal. Company spokesman Richard Smith said that the Camel dissolvables remain in limited distribution in the current test markets of Charlotte, North […]

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Wisconsin university to study menthol

Wisconsin university to study menthol

| August 9, 2013

The University of Wisconsin-Madison Center for Tobacco Research and Intervention received a $368,000 grant from the National Heart, Lung and Blood Institutes and the Food and Drug Administration to “study the use of menthol cigarettes” and contribute to the FDA’s research to determine whether or how to regulate the flavoring, reports the Wisconsin State Journal. […]

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Goldman Sachs “bullish” on e-cigs

Goldman Sachs “bullish” on e-cigs

| August 9, 2013

Goldman Sachs analysts said Aug. 7 that they remain bullish on category growth prospects for e-cigarettes, which “have the potential to transform the tobacco industry.” However, they noted that not all tobacco companies would benefit equally, as e-cigarette growth could simultaneously accelerate the decline in conventional cigarettes. E-cigarettes currently account for less than 1 percent […]

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“E-cig no more risky than smokeless”

“E-cig no more risky than smokeless”

| August 9, 2013

A study funded by The Consumer Advocates for Smokefree Alternatives suggests that e-cigarettes are no more risky than other smoke-free tobacco and nicotine products. After reviewing more than 9,000 “observations” about the chemistry of e-cigarette vapor and e-liquids, Igor Burstyn of the Drexel University School of Public Health found “no evidence that vaping produces inhalable […]

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Wales might go for independent position on standardized tobacco packs

Wales might go for independent position on standardized tobacco packs

| August 8, 2013

Wales Health Minister Mark Drakeford is looking into whether Wales could go it alone on public health issues such as standardized tobacco packaging and minimum alcohol pricing, according to a story on WalesOnline. Drakeford, a professor, said he had instructed officials to look at the powers Wales had in relation to these two measures after […]

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Lawmakers given taste of own medicine

Lawmakers given taste of own medicine

| August 8, 2013

Older members of the U.S. Congress and those who smoke could be facing much higher health insurance premiums under a new official interpretation of President Barack Obama’s health-care law, according to a story by Robert Pear for The New York Times. The administration said yesterday that the government would continue contributing to the cost of […]

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BAT has drop on nicotine product rivals

BAT has drop on nicotine product rivals

| August 7, 2013

Having recently launched its Vype electronic cigarette in the U.K., BAT Industries is poised to seize the lead in next-generation nicotine products, according to a Proactiveinvestors story quoting U.S. broker Citigroup. Citigroup expects Vype to do well in the existing, unregulated electronic cigarette market, but it is with the next range of products that it […]

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Call for total ban on tobacco in SA

Call for total ban on tobacco in SA

| August 7, 2013

South Africa’s health minister, Aaron Motsoaledi, has said that the government will not let up on its attempt to eliminate smoking in South Africa, according to a story in The Post. Tobacco, he added, made no positive contribution to humanity. All it did was death, he added. Motsoaledi was speaking in Pretoria at the release […]

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Liquid nicotine from Universal subsidiary

Liquid nicotine from Universal subsidiary

| August 7, 2013

Universal Corp. is branching out into liquid nicotine for electronic cigarettes. The company said yesterday that its subsidiary, Virginia Tobacco Co. Inc. had joined Avoca Inc., one of the world’s premier botanical extraction companies, in the formation of AmeriNic Inc. It said the new business would produce high-quality, U.S. pharmacopeia (USP) grade liquid nicotine in […]

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Leaf tobacco shipments expected to be down in fiscal 2014: Universal

Leaf tobacco shipments expected to be down in fiscal 2014: Universal

| August 7, 2013

Universal Corp.’s net income for the first quarter of fiscal year 2014, which ended on June 30, at $58.3 million ($2.05 per diluted share), was up from $23.1 million ($0.81 per diluted share) during the three months to the end of June 2012. Net income included a gain of $81.6 million before tax ($53.1 million […]

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Universal board declares dividends

Universal board declares dividends

| August 7, 2013

Universal Corp.’s board of directors has declared a quarterly dividend of $0.50 per common share payable on Nov. 12 to shareholders of record at the close of business on Oct. 15. In addition, the board has declared a quarterly dividend of $16.875 per share on its Series B 6.75% Convertible Perpetual Preferred Stock (Series B […]

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Platform ticket to take on new meaning

Platform ticket to take on new meaning

| August 7, 2013

DSB, the Danish national rail provider, is to impose a tobacco smoking ban at all train stations from July next year, according to a story by Sigrid Neergaard for The Copenhagen Post. The ban will apply even on uncovered platforms and to DSB staff. There was no mention of how the ban was to be […]

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