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BAT to close documents depository

BAT to close documents depository

| August 4, 2015

British American Tobacco said on Friday that it intends to close its Guildford Depository, a publicly accessible depository that was established in 1999 as part of a settlement in a US lawsuit entitled State of Minnesota v. Philip Morris, et al. BAT, which was released from the requirement to maintain the depository in 2011, says […]

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New president for Philip Morris Fortune Tobacco

New president for Philip Morris Fortune Tobacco

| August 4, 2015

The Philippines’ Philip Morris Fortune Tobacco Corp. (PMFTC) has named a new president to take over from Paul Riley, according to an ABS-CBN News story. The company said that Roman Militsyn would take over as the new president on August 16. Militsyn has been managing director of Philip Morris’ affiliate in Argentina since 2011. He […]

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AOI to host 1Q results conference call

AOI to host 1Q results conference call

| August 4, 2015

Alliance One International said yesterday that it would hold from 17.00 Eastern Daylight Time on August 5 a conference call to report its financial results for the first quarter ended June 30. A live broadcast of the conference call will be available at www.aointl.com, where it is necessary to register 15 minutes in advance. A […]

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JT’s domestic volume down, international volume up

JT’s domestic volume down, international volume up

| August 3, 2015

Japan Tobacco Inc.’s domestic cigarette sales during the six months to the end of June, at 53.1 billion, were down by 3.7 percent on those of the six months to the end of June 2014. Volume sales were said to have been ‘affected’ by an industry-wide volume decline. In announcing its results, JT said that […]

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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 […]

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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. […]

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