Philip Morris International is due to host a live audio webcast at www.pmi.com/webcasts of remarks by CFO Jacek Olczak and a question-and-answer session during the Goldman Sachs Global Staples Summit starting about 08.55 hours Eastern Time on May 13.
The webcast, which will be in listen-only mode, will provide live audio of the entire PMI session.
An archived copy of the webcast will be available at www.pmi.com/webcasts until 17.00 hours on June 11.
Remarks and slides will be available at www.pmi.com.
Reynolds American is due to host a webcast of business remarks by president and CEO Susan M. Cameron at the Goldman Sachs Global Staples Summit in New York starting about 10:45 a.m. Eastern Time on May 13.
The webcast, which will be in listen-only mode, will be available at www.reynoldsamerican.com, where registration is now available.
A replay will be available on the website.
Lorillard’s chairman, president and CEO, Murray S. Kessler, and its CFO, David H. Taylor, are due to participate in the Goldman Sachs Global Staples Summit in New York City from 1:20 p.m. to 1:50 p.m. Eastern Time on May 13.
The presentation, which will be webcast live, can be accessed through the Investor Relations section of Lorillard’s website at www.lorillard.com.
The presentation will be available in an archived format for 30 days following the event.
Cuba has accused the U.K. of being anti-capitalist and threatening free trade with its plans to introduce standardized packaging for cigarettes and cigars, according to a story on The Telegraph Online.
In a letter to the World Trade Organization, the country said it recognized the U.K.’s right to apply measures aimed at protecting the health of its people, while recognizing also that tobacco was a harmful but lawful product in international trade.
It said that standardized packaging would lead to an increase in counterfeit cigarettes by preventing manufacturers displaying their products’ distinctive trademarks.
And it said it believed that such a move would increase health risks to those people who smoked black-market cigarettes containing unknown substances, though it wasn’t clear how it could be known that health risks would be increased if the substances were unknown.
Cuba also said the U.K. move would impose unnecessary restrictions on international trade and undermined the provisions of international trademark legislation.
The letter, to the WTO’s Committee to Technical Barriers on Trade, concluded by expressing concern over the U.K. parliament’s decision to move ahead with the process of implementation of standardized packaging of tobacco products without waiting for a settlement of the complaint against Australia, which is being processed by the WTO Dispute Settlement Body.
Thailand’s Public Health Ministry plans to push through legislation to drag e-cigarettes under existing laws controlling the sale of tobacco cigarettes, according to a story in The Nation.
The move seems to be a step forward for e-cigarettes, which have been banned in Thailand for about five years but, nevertheless, have been growing in popularity.
Dr. Nopporn Cheunklin, deputy chief of the Public Health Ministry’s Disease Control Department, said that since e-cigarettes were popular despite being prohibited, the ministry had decided to draft a law and put them under the same controls as were applied to traditional cigarettes and other tobacco products.
The draft of the new law is due to be sent to parliament for consideration “soon.”
British American Tobacco expects compliance with the new European Commission’s Tobacco Products Directive (TPD) to cost it between €100 million and €200 million during the next two years as it alters machinery to meet new packaging rules, according to a Reuters story.
The TPD—directive 2014/40/EU of April 3, 2014—which governs the laws, regulations and administrative provisions of the member states concerning the manufacture, presentation and sale of tobacco and related products was published in the Official Journal of the European Union on April 29. It repeals Directive 2001/37/EC.
The new directive is due to enter into force on May 20, and member states are required to bring into force the laws, regulations and administrative provisions necessary to comply with the directive by May 20, 2016.
However, member states may allow tobacco products, which are not in compliance with the new directive but which are manufactured in accordance with the previous directive and distributed before May 20, 2016, to be placed on the market until May 20, 2017.