Breaking News

Imperial providing clean water for 2,400 in Chad

| August 17, 2015

Chad pictureImperial Tobacco’s Altadis Foundation has signed an agreement with Imperial’s subsidiary in Chad, Manufacture de Cigarettes du Tchad (MCT) to provide clean drinking water for rural communities.

In collaboration with MCT, the foundation is funding the construction of wells that will bring clean water to about 2,400 people in the rural communities of Aboudeïa, Ham and Kana1, according to a note posted on Imperial’s website.

At the same time, the foundation is setting up local committees to ensure that the new infrastructure is maintained.

Overall, the initiative is expected to reduce the risk of disease related to poor water quality.

“Chad is one of the poorest countries in the world and only about 55 percent of its population has access to clean drinking water, said Hervé Lambert-Moisan, general manager of MCT. “This rewarding project will improve lives and help to reduce poverty.”

Decline of Basmi production

| August 13, 2015

Bulgaria’s National Association of Tobacco Producers expects the output of Basmi tobacco to decline by about 3,000 metric tons to 10,000 mt in the 2015 season due to a reduction in acreage and a dry summer in the main cultivating areas of southern Bulgaria.

Health group views e-cig as cessation tool

| August 13, 2015

The Royal Society for Public Health (RSPH) has urged health chiefs across the U.K. to encourage smokers who have enrolled in the National Health Service’s stop-smoking services to use e-cigarettes as smoking-cessation devices, reports The Guardian.

It also argued for new “exclusion zones” outside schools, bars, pubs and parks, where smoking, but not vaping, should be prohibited.

If widely adopted by the government, the recommendation could represent the biggest shift in attitudes towards e-cigarettes in the decade since the devices entered the U.K. market.

The RSPH is an independent charity comprising more than 6,000 public health professionals,

Tobacco remains viable business

| August 12, 2015

Despite the declining smoking rate in the U.S. and pressure from regulatory authorities, tobacco companies still have “tools” to ensure steady revenue and continue rewarding shareholders, according to stock analysis provider Trefis.

Writing in Forbes, Trefis points out that smoking rates are still growing in many developing countries and that major companies are turning to innovations like e-cigarettes and reduced-risk products to mitigate losses from delining cigarette sales.

What’s more, says the firm, tobacco companies will continue to have pricing power over their demand-inelastic product while consumers’ purchasing power increases.

Croatia considering graphic health warnings

| August 11, 2015

Croatian lawmakers are considering a proposal that would require cigarette companies to print graphic health warnings covering 65 percent of the pack surface, according to local press reports.

The proposal would also ban the sale of cigarette packs containing fewer than 20 pieces, prohibit the use of additives and flavors in cigarettes and rolling tobacco,and classify e-cigarettes as tobacco products.

Retailers would be permitted to sell their existing e-cigarette and cigarette inventory until Dec. 20, 2016, and May 20, 2017, respectively.

Survey reveals ‘non-shop’ tobacco trade

| August 11, 2015

Almost one-third of participants in a survey commissioned by the U.K. Tobacco Manufacturers Association (TMA) said they purchase cigarettes from “non-shop” sources such as from friends or family, in pubs, online, on the street, at car boot sales, at work, from private houses and from abroad, reports The Sunday Express.

The TMA estimates that the trend deprives the government of £2.1 billion ($3.2 billion) in tax revenues every year, in addition to the £500 million lost to duty-free purchases.

The group said the combined figure of £2.6 billion would be enough to hire 110,000 new police officers. TMA General Director Giles Roca said raising cigarette taxes has failed to curb consumption, driving consumers away from legitimate sources and benefited only “the criminals and terrorists who run the black market.”

Tax currently accounts for an estimated 80 percent of the retail price of cigarettes in Britain. U.K. Chancellor George Osborne’s 2015 budget includes a cigarette excise tax hike of 2 percent above the rate of inflation, which translates into a price increase of £0.16 per 20-piece pack

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