Cigarette maker Reynolds American Inc (RAI) will look at "tobacco-related" opportunities to increase its business, its chief executive said on Wednesday.

But Susan Ivey, chief executive of the maker of Kool and Camel cigarettes, declined to comment specifically on whether the company was planning to start selling smokeless tobacco, a move that some analysts have said the company is planning to make.
"We will look at opportunities that are tobacco-related, accretive and will add value," Ivey said during the Consumer Analyst Group of New York conference (CAGNY) in Arizona Wednesday. Her presentation was also Web cast.
Analysts have said that both Reynolds and top competitor Philip Morris USA, a unit of Altria Group, might enter the smokeless tobacco market to try to find sales and earnings growth in the United States, where cigarette consumption has been declining for years. (pi)