Molins

Breaking News

Indonesia closer to ratifying FCTC

| February 28, 2014

Indonesia’s president, Susilo Bambang Yudhoyono, has agreed to ratify the World Health Organization’s Framework Convention on Tobacco Control (FCTC), according to a story on en.tempo.co quoting a statement by Health Minister Nafsiah Mboi.

Nafsiah said there was now an understanding between ministries about the importance of ratification, which meant the government had only to formulate several policies that would be implemented after ratification: policies such as that aimed at protecting tobacco farmers and cigarette industry workers.

Nafsiah said the president had supported ratification of the treaty from the beginning, and she denied suggestions that the cigarette industry had lobbied to prevent the president from agreeing to ratification.

In expressing the hope that ratification would proceed without problems, Nafsiah stated her belief that no one would be disadvantaged by it.

“This ratification will instead protect a lot of people’s interests,” she added.

Molins hints at acquisition in reporting increased sales and profits for 2013

| February 28, 2014

Molins’ sales during the year to the end of December, at £105.2 million, were up by 13.2 percent on those of 2012, £93.0 million.

Its underlying profit before tax was up by 10.2 percent to £5.4 million, and its underlying earnings per share were increased by 9.6 percent to 23.9 p.

Tobacco Machinery sales were increased by 11 percent to £34.4 million, and the division’s operating profit was up 31.8 percent £2.9 million.

Sales within the group’s scientific services division, which comprises Arista Laboratories and Cerulean, increased by 14.7 percent to £26.5 million, but operating profit, before non-underlying items, was down slightly from £1.2 million to £1.1 million.

Packaging machinery sales increased by 14.2 percent to £44.3 million, while operating profit, before non-underlying items, was unchanged at £1.5 million.

“I am pleased to report a strong performance for the group over the year, with sales growth achieved across all three of our divisions, leading to an increase in profits,” said Chief Executive Dick Hunter.

“Our ability to provide products and services that meet the specific needs of our customers, across a range of markets, has helped to consolidate Molins’ established position.

“We remain mindful of the uncertain economic and regulatory environment, but are confident the group will continue to demonstrate progress on its various growth initiatives, and through acquisition.”

Cambodia bans shisha and e-cigarettes

| February 28, 2014

Following a request from the Phnom Penh municipality on Tuesday, Cambodia’s prime minister, Hun Sen, has ordered a ban on the importation and use of shisha and e-cigarettes, according to a story in The Phnom Penh Post.

After receiving an assessment from the National Authority for Combating Drugs (NACD) claiming that these products posed a risk to Cambodian youth, the prime minister asked the municipality to take urgent and firm action, while allowing the NACD to lead and implement that action.

According to the Post’s story, in his letter assessing the products, the president of the NACD and deputy prime minister, Ke Kim Yan, made recommendations about how to “curb” their use.

“The general public sees that shisha and e-cigarettes are drugs which get youths hooked and make them neglect their studies and work, and may lead to serious problems for the nation,” wrote Kimyan.

And he recommended “ceasing use by seizing and destroying the shisha and e-cigarettes, [implementing] banning measures and stopping imports.”

State legislates for smokeless ban

| February 28, 2014

Assam has become the first state in India to legislate specifically for a ban on the consumption of all forms of smokeless tobacco products containing nicotine, according to a story in the most recent issue of the BBM Bommidala Group newsletter.

The Assam Health Bill bans the manufacture and advertisement of, trade in, and the storage, distribution and sale of “zarda, gutkha, pan masala, etc.”

More than 28 states and union territories have enforced similar bans, but under the Food Safety and Standards Regulations 2011.

JT price increases approved in Japan

| February 28, 2014

Japan Tobacco Inc. said today that the minister of finance had approved the company’s Jan. 30 application to amend the list prices of its domestic tobacco products at the same time as the imposition of a planned consumption tax increase on April 1.

The prices will be increased in most cases by ¥10 or ¥20 a pack.

JT said the price increases reflected the tax rate increase in the weighted average price of the company’s products as a whole.

JT applied to change the list prices of 107 products, including cigarettes, snuff, pipe tobacco and cut tobacco products.

Imperial rewarded for recruitment policies

| February 28, 2014

Imperial Tobacco has won a prestigious national award for the process used to attract potential new employees to work for its business in Turkey.

“Imperial was honoured at the 13th annual Human Respect Awards, organised by Kariyer.net, the nation’s leading recruitment website,” Imperial said in a note posted on its website.

“For the second successive year we were rated highly for our efficiency and transparency in dealing with people applying for vacancies.”

The award was accepted by HR manager Vicdan Merter at an award ceremony in Istanbul attended by some of the country’s top employers.

“At Imperial, responsibility is one of the most important elements of our values and is fundamental to the way we do business,” said Merter.

“This award clearly demonstrates our commitment to treating our employees and potential employees with respect and dignity.”

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