Archive - June 2005

SPAIN
Tax Reduces Net Profit

Tabacalera, Spain’s state-owned tobacco company announced a 4 per cent fall in attributable net profit in 1996 to Pta 13.46 billion (US$ 93.5m) caused by...

UNITED STATES
Icahn Sells

Carl Icahn & Associates sold its complete stock of RJR Nabisco Holdings shares in February 1997

BRAZIL
Contraband Worries

The losses caused by smuggling and counterfeiting of cigarettes in Brazil amount to R$ 1.2 billion, according to government sources and tobacco industry...

GERMANY
Close Down

RJReynolds Germany has recently announced that it will close down its Berlin factory in late 1997, since reunification state allowances for companies in Berlin...

GERMANY
Record Prices

A total of 7159 bales of Sumatra tobacco was offered this year by the Deutsch-Indonesische Tabak-Handelsgesellschaft (DITH) in Bremen, Germany, yielding...

POLAND
No Smoking & Driving

After January 1, 1998, a new law will prohibit smoking while driving in Polish cities

UNITED STATES
Black and Gold

Nat Sherman of the US has recently launched a new luxury cigarette at the Tax Free Asia exhibition in Singapore

UNITED STATES
Tabacalera in America

Mr Peter Strauss (photo left) has been named director of operations for the Spanish tobacco manufacturer Tabacalera in the USA

PHILIPPINES
Angry Growers

Philippine tobacco growers have repeatedly protested against what they describe as discriminatory taxation of their industry and are demanding the same...

JAPAN
Prices Up

Japan Tobacco is to increase prices on domestic cigarettes and cigars when consumption tax goes up from three per cent to five per cent in April 1997

RUSSIA
Tax-free Sales Banned

After 1 June 1997 the sale of cigarette packs which do not bear tax stamps will be banned

FRANCE
Strong Rhône-Poulenc

Rhône-Poulenc, the French-based chemical and pharmaceutical company, has reported first quarter net profits for 1997 up by 6.5 per cent, to FFr 674 million...

MEXICO
Cigatam Move

The US cigarette manufacturer Philip Morris has announced its intention to increase its stake in Cigatam, the Mexican cigarette maker, from 29 to 50 per cent

RUSSIA
Rothmans Invests

Rothmans International plans to open a new cigarette factory near St

SWITZERLAND
Cigarette Sales Decline

Domestic cigarette sales dropped by 1.7 per cent in 1996 to 15.24 billion units

ARGENTINA
ITGA Annual Meeting

The International Tobacco Growers’ Association (ITGA) has chosen Latin America for its 1997 annual meeting

SWEDEN
Cigarette Price Doubled

Sweden’s government has increased the tobacco tax which doubled cigarette prices per pack to US$ 6 in 1997

UNITED STATES
Lester W. Pullen Ý

Funeral services were recently held for Mr Lester W

UNITED STATES
Conscious Smokers

Smokers bear the whole responsibility for their health problems caused by tobacco consumption – this is what the majority of US citizens believes according...

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