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JT’s volume sales hold steady

| October 11, 2013

Japan Tobacco Inc.’s domestic cigarette sales volume during September, at 9.5 billion, was unchanged from that of September 2012, according to preliminary figures issued by the company today. The September 2012 figure was down by 2.8 percent on that of September 2011.

Volume during April–September, at 59.6 billion, was up by 0.1 percent on that of April–September 2012, also rounded to 59.6 billion, which was increased by 17.0 percent on that of April–September 2011.

JT’s market share stood at 60.6 percent in September, at 60.6 percent during April–September, and at 59.6 percent for the full year to the end of March.

JT’s domestic cigarette revenue during September, at ¥51.8 billion, was down by 0.8 percent on its September 2012 revenue, ¥52.2 billion.

Revenue during April–September, at ¥327.3 billion, was down by 0.2 percent on that of April–September 2012, ¥328.0 billion.

Iggesund Paperboard clearing the air with all of its 900 mill employees

| October 11, 2013

This autumn Iggesund Paperboard is providing environmental training for all the nearly 900 employees at its Iggesund Mill in Sweden.

According to a company press note, participants “will receive a half-day orientation in current environmental issues.”

“The program is in response to requests from the relevant authorities and certification bodies but is also prompted by a desire to make employees even more aware of today’s environmental issues as yet another way to reduce the company’s environmental impact,” the note said.

“We believe it’s important that our employees know where the company stands, what historical environmental impact we have had, and, not least, where we are today,” said Anna Mårtensson, environment manager at Iggesund Mill, which manufactures Invercote paperboard. “I want our employees to be aware of how they can actually influence our environment through their own behavior at the workplace.

“A lot can be done—and has been done—in the form of large investments. But we also need the watchful eyes of each individual employee noticing, for example, that something’s wrong with a flow or that a source of noise could be enclosed. We can only have this if our people know what demands are being made on us and why. That’s why this training is important.”

Iggesund Mill’s emissions to air and water, energy issues and the treatment of waste products are to be important aspects of the training being given to all employees. And another focus will be on the mill’s extensive monitoring and control systems, which are said to be “considerably more comprehensive than the authorities’ requirements.” The training will be provided not only in the classroom but also in the industrial setting, where participants will be able to see for themselves what is being done and what the effects are. For the first time, there will be a presentation of the environmental effects that the mill’s €260 million boiler has had. The boiler was commissioned in June 2012.

“Until now we have talked mostly about the energy effects of the new boiler,” Mårtensson said. “Now it’s time to talk about what it means for the local environment. After completing the fine-tuning process, we can now see that the emissions of sulphur and particulates from the boiler have more than halved compared with those from its predecessor.”

The company said that environmental issues had formed part of every investment decision at Iggesund Mill for decades. This meant that a reduced environmental impact was built into the entire production process.

“A multiyear, long-term sustainability effort has laid the foundation for today’s situation, where we have a very low environmental impact,” said Mårtensson. “Creating an increased awareness among all our employees is a logical additional step, which will certainly produce additional results.”

Anna Mårtensson breathing easy at the mill.

Anna Mårtensson breathing easy at the mill.

Swedish Match hit by increased competition on US cigar-market

| October 11, 2013

Swedish Match has revised downward its third-quarter and full-year forecasts for its Other Tobacco Products segment following increased competition on the U.S. cigar market.

In a press note dated Oct. 11 and posted on its website, the company said that, as part of its January–June half-year 2013 report, it had stated: “For the full year of 2013, we anticipate higher sales and operating profit for U.S. cigars, driven by strong volume growth. However, due to pricing and promotional activities now planned in light of increased competition, operating profit growth is more uncertain and is expected to be modest.”

But in its Oct. 11 note it said that during recent months, “competitive activities for U.S. cigars” had intensified further, which had resulted in lower than expected volumes and operating profit for its U.S. mass-market cigar business in the third quarter.

“Given this development, we now anticipate operating profit for the Other Tobacco Products segment in the third quarter to be in the range of 50–60 MSEK [SEK50–60 million] below the third quarter of the prior year,” the note said. “As a result 2013 full-year operating profit for Other Tobacco Products will also be below the level of 2012, driven by a decline in our mass-market cigar business.”

PMI to host results webcast

| October 11, 2013

Philip Morris International is due to host a live audio webcast at www.pmi.com/webcasts from 9 a.m. Eastern Time on Oct. 17 to discuss 2013 third-quarter results, which will be issued about 7 a.m. on the same day.

During the webcast, which will be in listen-only mode, CFO Jacek Olczak will discuss the company’s results and answer questions from the investment community and news media.

An archived copy of the webcast will be available until 5 p.m. on Nov. 15 at www.pmi.com/webcasts.

Slides and script will be available at www.pmi.com/earnings.

Lorillard to host results webcast

| October 11, 2013

Lorillard said yesterday that it would release its third-quarter 2013 results on Oct. 23.

A results conference call for analysts and investors, which is due to begin at 9 a.m. Eastern Time on the same day, will be hosted by Chairman, President and CEO Murray S. Kessler and Executive Vice President, finance and planning, and CFO David H. Taylor.

Access to the conference call will be available on 888-239-6824 (domestic) or 706-902-3787 (international). The pass code for the event is: 80062601.

A news release and a live webcast of the conference call will be available under the Investor Relations section of Lorillard’s website at www.lorillard.com.

The conference call will be available for replay in its entirety through Oct. 30 at the same website or on 855-859-2056 (domestic) or 404-537-3406 (international), pass code 80062601.

Altria to host results webcast

| October 11, 2013

The Altria Group is due to host a live audio webcast at altria.com from 9 a.m. Eastern Time on Oct. 24 to discuss its 2013 third-quarter business results. The results will be issued by means of a press release about 7 a.m. the same day.

During the webcast, which will be in listen-only mode, Chairman and CEO Marty Barrington and Executive Vice President and CFO Howard Willard will discuss the results and answer questions from the investment community and news media.

Pre-event registration is necessary at www.altria.com.

An archived copy of the webcast will be available at the same address.

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