Tag: cigarettes

China: HongyunHonghe launches cigarette-processing unit in Africa

China: HongyunHonghe launches cigarette-processing unit in Africa

| April 25, 2013

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.

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Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

| April 25, 2013

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

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Where there’s smoke, there’s still profit

Where there’s smoke, there’s still profit

| April 22, 2013

When the three major U.S. tobacco companies report their first-quarter results this week, investors can find comfort in two themes that have remained consistent for years: Cigarette volumes will fall, but profits will rise, according to a story in The Wall Street Journal. For the past three years, cigarette volumes have dropped around 3 percent to […]

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Cigarette addiction saves lives

Cigarette addiction saves lives

| April 22, 2013

David Henneberry, an avid boater and member of the Watertown Yacht Club, walked outside to smoke a cigarette just after Massachusetts Gov. Deval Patrick  lifted the curfew on Boston, MA, USA, residents at 6 p.m. Friday, April, 18. Puffing away, Henneberry noticed the tarp that covered his rare, 22-foot  pleasure cruiser—a white Seahawk with blue trim and […]

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Boston’s JFK library fire caused by careless smoker, not terrorists

Boston’s JFK library fire caused by careless smoker, not terrorists

| April 19, 2013

The fire at the JFK Presidential Library and Museum in Boston Monday was caused by the careless disposal of smoking materials, city fire officials said. Boston officials had initially feared that the fire at the library might have been connected to the bombings at the Boston Marathon, because it was ­reported just six minutes after the […]

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Easy street: smoke smugglers net nearly $2 million a truckload

Easy street: smoke smugglers net nearly $2 million a truckload

| April 19, 2013

Wanna make a quick $1,944,000? Buy a truckload of cigarettes in Virginia and sell them in New York. Yeah, it’s illegal. But that’s how much can be made from selling a tractor trailer’s worth (that’s 800 cases, each holding 600 packs of cigarettes) of low-tax Virginia cigarettes in high-tax New York, based on estimates from […]

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Philip Morris Q1 profit declines on costs, cuts full-year EPS view

Philip Morris Q1 profit declines on costs, cuts full-year EPS view

| April 18, 2013

Tobacco giant Philip Morris International Inc. Thursday reported a decline in first-quarter profit, reflecting higher costs. Meanwhile, earnings per share improved from last year. The company also lowered its full-year 2013 earnings outlook for prevailing exchange rates only, according to a story on RTTNews.com. However, the firm reiterated its annual constant-currency adjusted diluted earnings per […]

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Higher 1Q profit, revenue expected from PMI

Higher 1Q profit, revenue expected from PMI

| April 17, 2013

Philip Morris International Inc., which sells Marlboro and other brands abroad, is expected to report higher profit and revenue when it releases its first-quarter results before the market opens on Thursday. Whether cutting costs and raising prices continued to help PMI compensate for consumers buying fewer, or cheaper, cigarettes has investors anticipating the announcement. Cigarette […]

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Pakistan has $175.8 million reasons to tackle tobacco smuggling

Pakistan has $175.8 million reasons to tackle tobacco smuggling

| April 17, 2013

Pakistan is losing 17 billion Pakistani rupees ($175.8 million) per annum due to the illicit cigarette trade, which represents about 26.7 percent of total cigarettes consumed in terms of volume. According to a research paper compiled by the Euromonitor International, and cited in a story published by the Asia News Network, Pakistan ranked third-highest in […]

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Careless smokers playing with fire

Careless smokers playing with fire

| April 17, 2013

It could be hard to believe but careless smokers ended up causing more than 2,410 fire accidents and several crores-worth of property loss in the last seven years in the Hyderabad, Andhra Pradesh. A study by A.P. Fire Services Department revealed careless smoking as one of the main causes for the increasing incidence of fire […]

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Malaysia to stamp out smuggled-cigarette smokers

Malaysia to stamp out smuggled-cigarette smokers

| April 16, 2013

The city hall in the Malaysian city of Kota Kinabalu, proposed that buyers of  contraband cigarettes be penalized along with the sellers of the smuggled smokes, according to a story in the the Borneo Post. Mayor Datuk Abidin Madingkir, who made the proposal in his speech during the  launch of Ops Pacak 2013, said buyers […]

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Hungary moves from open market to monopoly to zeropoly

Hungary moves from open market to monopoly to zeropoly

| April 15, 2013

Smokers in some Hungarian villages will not have local access to cigarettes after a new law allowing only state-licensed tobacconists to sell cigarettes comes into effect in May, according to an MTI-EcoNews story quoting the opposition Socialist lawmaker, Csaba Toth. As was reported here on April 3, the country’s parliament adopted legislation in September last […]

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FBI sting smokes out fake Marlboro men

FBI sting smokes out fake Marlboro men

| April 12, 2013

For more than a year, the system worked flawlessly. Containers of counterfeit cigarettes shipped from China to the ports of Newark, N.J., and New York City moved easily through customs and the U.S. Department of Homeland Security without inspection. From the docks, the cigarettes, falsely labeled as Marlboros and Marlboro Lights, made their way to […]

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