Archive - August 2007

JAPAN
Japan Tobacco to seek more takeovers

Japan Tobacco Inc. will seek more takeovers in 2009 to build on the 7.5 billion pound (USD 15 billion) purchase of Gallaher Group Plc.

UNITED STATES
Tobacco companies must pay farmers

Three tobacco companies are required to pay a total of USD 24 million to tobacco farmers in Pennsylvania and Maryland under a recent North Carolina court...

UNITED STATES
Altria announces spin-off

Altria’s board of directors announced the planned spin-off of Philip Morris International (PMI) on 29 August and plans to set the record and distribution...

THAILAND
Cigarette taxes increase

The cabinet raised excise taxes on local and imported cigarettes by 2 to 3 baht (USD 0.06 - 0.09) per pack.

CHINA
Tobacco advertising to be banned by 2011

Xu Guihua, vice president of the China Tobacco Control Association, made the landmark announcement at a seminar in Guangzhou, capital of Guangdong Province...

UNITED STATES
North Carolina to go ‘fire-safe’

Cigarette manufacturers will have to sell ‘fire-safe’ cigarettes, i.e. cigarettes with lowered ignition propensity, in North Carolina under a bill signed...

BANGLADESH
Marlboros to make debut

Cigarette manufacturer Philip Morris has tied up with a Bangladeshi firm, Dhaka Tobacco Company, to sell Marlboro cigarettes in the local market, company...

CHINA
CNTC and Schweitzer form joint venture

Schweitzer-Mauduit International announced in July the formation of a joint venture with CNTC to establish a facility for tobacco-related papers in Guangdong...

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