In the longer term, a new Imperial Brands joint venture with Yunnan Tobacco will look at opportunities presented by next generation products and possible mergers and acquisitions.
More than one-third of all cigarettes consumed is either illegally produced in Macau or smuggled into the city, giving Macau has the second-highest incident rate of illegal cigarette consumption in Asia, according to a regional study. A report titled “Asia-16: Illicit Tobacco Indicator 2014” was commissioned to better understand the use of cigarettes in Macau […]
Hon Lik, the Chinese inventor of the modern e-cigarette, has predicted that Beijing’s new public-places smoking ban will prompt many consumers to switch from smoking to vaping. Although China’s e-cigarette market is still relatively small compared to those in other countries and smoking rates in China remain high, the ban—which took effect June 1—could be […]
The Crimean government has announced that a visiting delegation of Chinese businessmen intend to invest in tobacco cultivation within the territory, which was annexed by Russia in March 2014. Chinese equipment and technology would be supplied to the semiautonomous territory, which has been fighting to secure foreign investment amid trade sanctions imposed by Ukraine, the […]
Lawmakers in China may introduce tough new restrictions on tobacco advertisements, according to a story in the China Daily. A draft revision to the country’s 20-year-old Advertisements Law will be voted upon tomorrow; the revision was discussed Tuesday at the bimonthly session of the Standing Committee of the National People’s Congress and is likely to […]
China’s tobacco companies produced more cigarettes even as the number of tobacco farms decreased in the first half of 2014, reports Xinhua News Agency quoting figures from the State Tobacco Monopoly Administration (STMA). In the January-June period, Chinese cigarette manufacturers produced 1.3 million sticks, 0.2 percent more than in the first half of 2013. Meanwhile, […]
China’s cigarette production has soared over the past decade, despite efforts to curtail tobacco use, according to a new study, reported by China Daily. Annual cigarette production in the world’s most populous country has increased 50 percent over the past 10 years, according to the report Tobacco Control in China from a Civil Society Perspective […]
HongyunHonghe Tobacco Group, in southwest China’s Yunnan Province, recently launched its cigarette-processing unit for Africa at the Walvis Bay port in Namibia. The project is intended to produce HongyunHonghe’s Yunyan, Honghe, Honghe and Honghe brands for sale in Africa. The annual production capacity of the unit could reach 1 billion cigarettes.
China remains the world’s biggest producer and consumer of tobacco products. Succeeding there requires an equally big commitment. TR Staff Report Despite growing health awareness and attempts to clamp down on smoking, the Chinese tobacco industry continues to thrive. Industry sales and government tax collections increased almost 17 percent in 2010, according to the State […]