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SWITZERLAND

Bobst acquires majority stake in Nuova Gidue

21 May 2015. Bobst took a majority stake in Nuova Gidue, an Italian manufacturer of narrow and mid-web printing presses, with the option to purchase the remaining shares, the company said.
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LEBANON

New plant to begin production in June

21 May 2015. State owned Regie Company in June will start operations at a plant in Hadath with a capacity to boost production from 12,000 boxes of cigarettes per month to 35,000, including leading international brands, according to the Al Bawaba website.
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UNITED STATES

Smaller harvests may not eliminate oversupply, says Universal

20 May 2015. Leaf tobacco inventories are high enough to expect the current global oversupply to continue despite lower production in Brazil and Africa, said Universal Chief Executive Officer George Freeman.
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PM USA gets another chance in USD 10 bln ‘lights’ suit

19 May 2015. The Illinois Supreme Court will rehear the suit by Sharon Price and others against Philip Morris USA that resulted in a USD 10.1 billion (EUR 8.9 billion) judgement against the cigarette maker in 2003, said WQAD television.
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IRELAND

June hearing on JTI plain-pack objections

19 May 2015. Government plans to refer the plain-packaging challenge by Japan Tobacco International (JTI) to the European Court of Justice have been delayed by objections from the cigarette maker, the Irish Times reported.
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NETHERLANDS

Ammeraal Beltech acquired by private equity company

14 May 2015. Ammeraal Beltech, a leading manufacturer of process and conveyor belts, has been acquired by global private-equity investor Advent International, the belt maker said.
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UNITED STATES

FDA denies Reynolds’ request to modify health warning

13 May 2015. The Food and Drug Administration denied a citizens petition filed in 2011 by RJ Reynolds Tobacco and American Snuff to amend health warnings for smokeless products to include a reduced risk claim relative to cigarettes, the FDA said.
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NIGERIA

Six months in jail for smoking in public

13 May 2015. The Senate approved stricter controls on tobacco use that could send offenders to jail for six months for lighting up in public places, according the newspaper This Day.
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CHINA

Cigarette wholesale tax rate doubled

13 May 2015. The tax rate for cigarette wholesalers on the taxable price of their product was raised to 11 per cent, more than double the previous 5 per cent, Xinhua news agency said.
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EUROPEAN UNION

Dalli loses compensation suit over snus resignation

12 May 2015. The European Court of Justice ruled the resignation of former EU health commissioner John Dalli over allegedly improper contacts with the tobacco industry was not coerced and rejected his compensation claim, the BBC said.
» read more

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