Latest in Tag: tobacco Highlight
Latest in Tag: tobacco
Eastern Company reports tobacco sales rise to EGP 37.7bn in 7 months
Company’s net profit increases by 17% to EGP 2.95bn in same period
Philip Morris announces new price list for tobacco products
Philip Morris – Egypt has announced the new price list for different brands of MARLBORO, L&M, and MERIT tobacco products.
EAST records historic highs in production, sales, profitability in Q2 of FY 2020/21
Egypt’s leading tobacco product manufacturer, the Eastern Company (EAST), has reported historic high records in its financial indicators for the second quarter (Q2) of fiscal year (FY) 2020/21.
Eastern Company for tobacco records highest production rate in November
The company said in a statement to the Egyptian Exchange (EGX), on Tuesday, that this rate constitutes an unprecedented record that it has not seen before.
Innovative science-based regulations needed to reduce tobacco related sickness, death: Chief Scientist
“Regulations must be based on sound science and not be driven by politics, which unfortunately is not always the case,” Allen said, adding, “Regulations must be progressive and allow innovation as new facts emerge.”
Eastern Company raises prices on luxury tobacco products
Company has raised prices of all its cigarettes and molasses tobacco products several times during past few years
FDA authorises marketing of IQOS as modified risk tobacco product
As a result of the FDA decision, the company presented its next steps as part of its bold ambition to encourage those smokers who would otherwise continue smoking cigarettes to switch to alternatives deemed better, based on scientific research, like the IQOS,.
FDA authorises IQOS marketing as modified risk tobacco product
Decision ensures users can make informed switch to IQOS as better choice to smoking
Greater access to regulated nicotine products needed to reduce tobacco deaths
Worldwide, smoking-related diseases to kill 7 million over 2020
Observed gateway effect of e-cigarettes among teens ‘likely to be small’
Young vapers less likely to go on to smoke than peers trying other tobacco products
Philip Morris, ECA join forces to train customs employees on combating illicit trade
Smuggled cigarettes account for around 6.4% of local market
Eastern Company operates new machine with 8,200 cigarette stick/minute
Company started exporting molasses tobacco to UAE, Bahrain, Oman
Egypt delays plan to sell 4.5% additional stake of Eastern Company amid tough market conditions
The secondary offering could take place sometimes by the end of next month: sources
British American Tobacco plans to increase market share to 10%
Egyptian cigarette market is world’s eighth largest market
121% growth in tobacco tax revenue over last five years
Cigarette companies demand expansion of tax segments, but government ignores it
Eastern Company negotiates with foreign tobacco companies to add new products to middle price segment
Company produced 62m cigarettes in last FY with a market share of 72%, says Haroun
Minister of finance sets the price of tobacco products
Foreign tobacco companies are reportedly dissatisfied with tax
British American Tobacco mulls Egypt expansion as economic reforms pay off
Company plans to invest £30m over next 12 months
JTI expands business, investments in Egyptian market
Company launches new brand as part of long-term business strategy for Egypt
E-cigarettes serve as gateway to traditional smoking: study
Young adults who use electronic cigarettes more than four times as likely to smoke tobacco cigarettes
Egyptian parliament approves a draft law to increase taxes on tobacco
Based on the amendment, cigarette prices will increase by 3.5 to 6.5 EGP
El Sharqawy demands Eastern Company for Tobacco to conclude tobacco cultivation in Egypt
CIHC aims to increase profits by 85% to reach EGP 1.5bn
Biggest listed tobacco company in the making
British American Tobacco has said it’s acquiring US rival Reynolds to form the largest listed tobacco company in the world. The takeover terms were agreed after BAT nudged up an earlier offer to merge the two firms.British American Tobacco (BAT) confirmed Tuesday it had agreed a $49.4-billion (46.4-billion-euro) takeover of US rival Reynolds, creating the …
Eastern Company for Tobacco proposes to Philip Morris purchasing tobacco for late revenues worth $35m
Eastern Company to hold meeting within two weeks with Philip Morris to stress its desire to collect its dues in dollars whether for tobacco or their payment in installments
Eastern Company to present feasibility study to parliament to approve tobacco cultivation
The company will address the Public Tax Authority to suggest the health insurance tax value gradation according to cigarette types, rather than unifying it at EGP 0.5 per box
India’s war on tobacco and industry woes
India’s top court has ruled that tobacco companies must display larger health warnings on cigarette packs, giving a boost to the government’s latest move to reduce smoking and curb tobacco-related illnesses. DW examines.
Spike in ‘single’ cigarette sales expected to decrease tax proceeds by EGP 2bn: Traders
Greater Cairo Tobacco Association demanded President Al-Sisi holds Finance Minister accountable for failed financial policies
Tobacco traders demand cigarettes distribution on ration cards
In Egypt, there are about 15 million smokers, more than half are in the countryside, and the rate is expected to increase to 16 million
Foreign tobacco companies in Egypt reject new cigarette price increases: Official
Tensions prevail in cigarette market, traders exploit the situation to raise prices, according to CTA head in Cairo, Giza
War breaks out
By Philip Whitfield Before conniptions consume, inhale the acronyms. FAG: (For/Against Government), IMP: the British Imperial Tobacco Group the world’s fourth-largest ciggie peddler flogging 320bn cigarettes a year (Davidoff in Egypt) after PMI: Philip Morris International (Marlboros / Merit), BAT British American Tobacco (Rothmans/Dunhill) and arriving on the 1 July JT Japan Tobacco (Winston/Salem). And …