Tag Archives: tobacco company

Reynolds American Adopts No Smoking Policy

Smoking Humphrey Bogart

Famous tobacco company Reynolds American Inc. wants to ban smoking at workplaces in all its facilities and branches. The policy now is being developed and last week workers were told about the upcoming changes. According to spokesmanDavid Howard, the anti-smoking

Philip Morris International

Philip Morris Inc

Philip Morris International is a worldwide known cigarette producer. The tobacco company has one of the greatest shares of tobacco manufacturing in the world. Philip Morris, the founder of the tobacco company, formed his company in 1847. The first tobacco

Imperial Tobacco price rises offset falling sales

Imperial Tobacco Brands

Increased cigarette prices have augmented Imperial Tobacco’s earnings amid a decrease in sales volumes for the world’s fourth largest tobacco company as it experienced suffer in recession-hit Spain’s declining market as well as Ukraine and Poland. The British multinational tobacco

Tobacco law brings changes

Tobacco Display

As from July 23 the price of cigarettes is increased in some shops as a new law prohibiting the display of tobacco goes into effect. The Pannell Discounter in Wainoni is raising the cost of a cigarette packet by about

Altria to pay $500 mln to settle US tax dispute

PM Altria

Altria Group Inc, the tobacco company, on Tuesday said it expects to pay $500 million to resolve a long-running dispute with the Internal Revenue Service over its tax treatment of leveraged lease transactions. The parent of Philip Morris USA said

Japan Tobacco: to buy back Y250 bln of its shares if govt sells

JTI Building

Japan Tobacco, the world’s third largest cigarette company, said on Thursday it would buy back about 250 billion yen ($3.1 billion) of its outstanding shares if the government proceeds with a share sale during the current financial year to next

Bulgartabac looking to grow volume in Taiwan

Bulgartabac Logo

Bulgartabac is to double its exports to Taiwan by 2013, according to a Novinite story quoting a company announcement. Bulgartabac, which last year was bought from the Bulgarian state by the Russian bank VTB for €100.1 million, exported 500 million

JT tightens radioactive standards for domestic leaf tobacco

Tobacco

Japan Tobacco Inc. (JT) has tightened the company’s allowable standard for radioactive materials in Japanese domestic leaf tobacco, from 500 becquerels per kilogram for radioactive cesium to 100 becquerels per kilogram, it was announced on March 16. JT said it

Reynolds American to cut 540 jobs

Reynolds American

Reynolds American Inc., the second-biggest US tobacco company, said Wednesday that it will eliminate about 10 percent of its workforce, or about 540 jobs, by the end of 2014 as it works to align its costs with changing dynamics within

Japanese smoke signals push up Imperial

The maker of Gauloises and Davidoff cigarettes has long been mooted as a potential target to be taken out, with a combination of British American Tobacco and Japan Tobacco regarded as a possible suitor. Nomura analysts had urged investors to