Archive - October 2015

UNITED STATES
Altria revenues boosted by volumes, pricing

Altria Group revenues net of excise tax jumped 4.7 per cent in the third quarter to USD 5 billion (EUR 4.56 billion) driven by higher pricing and volumes, the...

ZIMBABWE
Leaf export volume up

Zimbabwe leaf exports are up on 2014 with 97.3 million kg shipped year to date compared to 88.7 million kg in the same period last year, according to Tobacco...

CANADA
Tobacco companies ordered to put cash aside

A Canadian appeals court has ordered Imperial Tobacco Canada and Rothmans, Benson & Hedges Inc to set aside a combined CAD 984 million (EUR 674 million) as the...

UNITED KINGDOM
BAT revenue beat down by currency movements

British American Tobacco (BAT) year to date reported revenue fell by 6.5 per cent at current exchange rates due to “significant movements” in key trading...

UNITED STATES
Newport volume waxes RAI profit forecast

Reynolds American (RAI) tightened its forecast earnings growth for 2015 by two percentage points following strong key-brand performance's hike in...

SOUTH KOREA
Move to ban small packs

Ministry of Health officials said yesterday that the government plans to revise the National Health Promotion Act to ban the sale and advertisement of...

INDONESIA
Government urged to snub PMI 2 bln investment

Tobacco control activists have cited health grounds in urging the government to reject USD 2 billion (EUR 1.8 billion) investment plans in the country by...

UNITED STATES
FDA submits final deeming rule to OMB

The Food and Drug Administration (FDA) submitted its proposal to expand tobacco product regulatory powers to include e-cigarettes, cigars and shisha to the...

UNITED STATES
FTC plans e-cigarette industry study

The Federal Trade Commission (FTC) plans to collect data from the e-cigarette industry on sales, marketing activities and expenditures to better understand a...

UNITED STATES
New York MSA dispute settled for USD 550 mln

A decade-long dispute between tobacco companies in the Master Settlement Agreement (MSA) and New York state has been settled for USD 550 million (EUR 485...

UNITED STATES
PMI volume dips 1.5 per cent

Philip Morris International (PMI) shipment volume dipped 1.5 per cent in the third quarter as cigarette demand declined in Asia, notably Indonesia, Japan and...

UNITED KINGDOM
Parliamentarians urge steeper tobacco-tax hikes

The All-Party Parliamentary Group on Smoking and Health, an informal body of Parliament said the tax on tobacco products should be increased by 5 per cent more...

UNITED KINGDOM
Innovia and Rolling Optics to cooperate

Innovia Group, a manufacturer of BOPP films, announced a partnership with Rolling Optics to incorporate the Swedish company’s micro-optic 3D...

NETHERLANDS
ITM acquires UK software company

Dutch tobacco machinery maker ITM acquired Gemba Solutions, a specialist in overall equipment effectiveness (OEE) software, the company announced.

UNITED STATES
SFATA director Cabrera named CEO

Smoke-Free Alternatives Trade Association (SFATA) Executive Director Cynthia Cabrera will replace Phil Daman as president and chief executive, the organisation...

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