Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our business base in the region”. In August, Japan Tobacco announced that it would take a …
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Global tobacco firm, Japan Tobacco has announced the acquisition of kretek cigarette company Karyadibya Mahardhika and its distributor for $677 million, in a deal that will see it buy 100% of the outstanding shares in the Indonesian firm. Japan Tobacco said the acquisition would “give the JT Group immediate scale and presence on a nationwide level in the Indonesian kretek market”. Indonesia is described as the world’s second largest tobacco …
BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange under the existing trading symbol BTI. Nicandro Durante, BAT chief executive, commented: “We are delighted …
Philip Morris, the leading tobacco firm, has announced plans to construct a new facility in Germany for the manufacture of smoke-free cigarettes. The result of a €290 million ($323 million) investment, the new plant will manufacture the firm’s IQOS brand of tobacco steaks that “uses revolutionary technology that heats tobacco without burning it, giving you the true taste of tobacco with no smoke, no ash and less smell”. According to …
Japanese cigarette manufacturing company Japan Tobacco International has opened a new plant in Lodz, Poland, with an estimated investing amount of $200 million. According to Handel Extra, the new factory will employ up to 400 people, bringing Japan Tobacco International’s total workforce in Poland to 1,500. The new 70,000 sq m “technologically advanced manufacturing site” will operate to produce tobacco for more than 30 billion cigarettes per year, including cigars …
Philip Morris, the tobacco giant is planning to restructure its business operations to phase out conventional cigarettes, focusing on less harmful alternatives such as electronic cigarettes and heated tobacco products, according to a report in the Times. The company is said to be planning to create a single multi-category business, integrating its cigarette, heated tobacco and e-cigarette operations in PM Limited (UK and Ireland). In a “commitment to a smoke-free …
Japan Tobacco, the world’s third largest tobacco firm by market share, has announced that it has signed an agreement with the Ethiopian government to acquire 40% of the total shares in National Tobacco Enterprise Ethiopia, which has a monopoly in Ethiopia, for $510 million. Japan Tobacco outbid a number of competitors in a tender process, including British American Tobacco, which is believed to have offer $230 million, according to an …
Santa Cruz, a subsidiary of UK-based cigarette manufacturer British American Tobacco, has announced the closure of production facilities at its Cachoeirinha location in Porto Alegre, Brazil. According to Correio do Povo, the move will see the factory itself closed down, although the research and development facility at the site will remain in operation. In a statement, Souza Cruz blamed the measure both on the impact of counterfeit goods in the …
Gama Innovation Award – Product MANCHESTER – 15th December 2015: The Gama Innovation Award – Product for December goes to Lucky Strike Double Click Cigarettes, a new flavour-changing launch from BAT in Poland. An attempt to make cigarette smoking a more interactive experience, Lucky Strike Double Click Cigarettes allow smokers to choose from two different flavours within the same cigarette. By clicking one of two different ‘buttons’ on the cigarette, consumers …
Japan Tobacco has bolstered its presence in the Iranian tobacco industry through the acquisition of a local cigarette manufacturer, according to a report in the Financial Times. Through its Iranian subsidiary JTI Pars, the company is said to have purchased tobacco firm Arian Tobacco Industry (ATI) for an undisclosed sum. Japan Tobacco currently produces cigarette products – including brands such as Winston, Magna and Monte Carlo – at a JTI …
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