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| NETHERLANDS |
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ITM Group acquires IMAtec
24 May 2013.
ITM Group acquired IMAtec s.a.r.l. of Luxembourg in a move the Dutch-based supplier of tobacco processing and packaging machinery said would expand its product base.
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| EUROPEAN UNION |
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Central EU countries criticise TPD
23 May 2013.
Six central and eastern European countries in a joint statement said the European Union should scrap plans to ban characterising flavours and slim cigarettes because they would unfairly impact tobacco growers and processors.
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| UNITED STATES |
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Universal core tobacco sales flat
22 May 2013.
Universal Corp flue-cured/burley leaf sales and operating income were nearly unchanged in the fiscal year ended 31 March as the impact of smaller crops outweighed the benefit from carryover crop sales, the tobacco merchant said.
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| MEXICO |
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PMI takes full control of PM Mexico
22 May 2013.
Philip Morris International took full control of its Philip Morris Mexico (PMM) subsidiary by purchasing a 20 per cent stake for USD 700 million (EUR 543 million) from Grupo Corso, the company said.
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| ZIMBABWE |
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Low early burley auction prices
20 May 2013.
More than 55,000 kg of burley tobacco auctioned in the week to 17 May brought a low USD 1.48 (EUR 1.15) average per kilogram, a price the Tobacco Industry and Marketing Board (TIMB) expected to rise as the season progresses, The Standard of Zimbabwe reported.
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| UNITED STATES |
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Tobacco companies prevail in West Virginia suit
17 May 2013.
A West Virginia jury rejected most of a consolidated suit filed on behalf of more than 600 people against five tobacco companies, a verdict one defence counsel hailed as a near complete victory.
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FDA's Zeller promises action on product applications
16 May 2013.
Tobacco regulators at the Food and Drug Administration are "very close" to releasing the first decisions on allowing new products under the agency's substantial equivalency (SE) model, said Center for Tobacco Products Director Mitch Zeller.
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Raporte replaces Healy at blu Ecigs
15 May 2013.
Jim Raporte, a 30-year veteran of the tobacco, food and business services industries, replaced blu Ecigs founder Jason Healy as president of the electronic cigarette company acquired by Lorillard last year, the company said.
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California cigarette tax hike clears Senate panels
14 May 2013.
Two state Senate committees have backed a measure to raise the state cigarette tax by USD 2 (EUR 1.54) per 20-pack, votes that come less than one year after California voters rejected a ballot proposition to hike the levy by half that amount, documents show.
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| CANADA |
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Tobacco companies begin defence in landmark suit
14 May 2013.
Three tobacco companies accused in a CAD 27 billion (EUR 20.6 billion) class-action suit of hiding the dangers of smoking began their defence on 13 May, saying the dangers have been common knowledge for decades, CBC reported.
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