KT&G sales abroad are expected to outstrip revenue generated in its home market for the first time this year, the Korea Herald reported.
Steep increases in domestic tobacco excise taxes this year accelerated the emphasis placed on foreign markets. Indonesia will be a focus in 2015, the newspaper said, citing e-mail responses by the cigarette maker. Last year the ratio of domestic to foreign sales was 6:4.
KT&G in 2011 took a 60 per cent stake in Trisakti Purwosari Makmur, the sixth largest tobacco manufacturer in Indonesia, the Herald said. With a 5-billion piece annual capacity, the plant produces a variety of brands including KT&G’s Esse, the newspaper said.
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