Category Archives: Cigarette Manufacturers
BAT launches budget Tobacco brand in Australia row
British American Tobacco Australia said on Thursday it was launching a budget cigarette brand, the latest salvo in a row with the government, which in turn accused the company of targeting teenagers. BAT, which is spearheading a legal challenge to Australia‘s plan to introduce mandatory plain packaging for cigarettes, said it was forced into the move to win back market … Continue reading
Philip Morris Intl. Stock Can Puff To $98
One of the biggest concerns facing investors regarding the tobacco companies is falling cigarette consumption, and so they hence are skeptical to assign much if any growth to these companies. A closer look at Philip Morris International however points to a robust economic model and sound cash flow generating ability. The stock has climbed more than 12% in 2012 so … Continue reading
Philip Morris International Inc. (PMI) Holds 2012 Annual Meeting of Stockholders
Philip Morris International Inc. held its 2012 Annual Meeting of Stockholders today. Louis C. Camilleri, Chairman and Chief Executive Officer, highlighted the company’s key achievements in 2011 and reaffirmed the company’s steadfast commitment to deliver superior returns to its shareholders. “2011 was an outstanding year for PMI. Our cigarette volume grew by 1.7% to 915 billion units. Net revenues … Continue reading
Philip Morris Names Jacek Olczak CFO, Succeeding Hermann Waldemer
Tobacco firm Philip Morris International on Monday said its Chief Financial Officer Hermann Waldemer has elected to take early retirement effective July 31. Waldemer will be succeeded by Jacek Olczak, with effect from August 1. Olczak is currently President, European Union Region. He will be succeeded by Drago Azinovic, currently President, Philip Morris Japan. Commenting on Waldemer’s retirement, Louis Camilleri, … Continue reading
Imperial signs MoU with Moldovan customs
Imperial Tobacco has signed a memorandum of understanding (MoU) with the customs authority in Moldova as part of its continuing commitment to combat illicit trade, according to an Imperial press note. ‘The MoU formalises the existing co-operation between the two parties aimed at increasing the efficiency of measures to counter the incidence of non-duty paid tobacco products,’ the note said. … Continue reading
Marlboro maker Altria 1Q profit up nearly 4 pct
Marlboro maker Altria Group Inc. said Thursday that its first-quarter profit rose almost 4 percent as higher prices and cost-cutting helped offset declines in cigarette volumes. The owner of the biggest US cigarette maker reported net income of $973 million, or 48 cents per share, for the three-month period ended March 31, up from $937 million, or 45 cents a … Continue reading
Tobacco giants fume at Australia’s plans for unbranded cigarette packets
World’s big four firms take fight against unbranded packs to high court as Australia moves to toughen anti-smoking laws. They have been responsible for some of the most famous advertising and marketing campaigns in history, but this week the world’s big four tobacco companies found themselves on the back foot. In a global test case, they went to Australia’s highest … Continue reading
Bulgaria’s largest cigarette maker Bulgartabac plans to increase exports to Middle East
Bulgaria’s largest cigarette maker Bulgartabac plans to export a total of 15.5 billion cigarettes to the Middle Eastern market this year and achieve a further 7% export growth to the region in 2013. The tobacco company has pointed out in a statement that it has achieved a double digit growth in its exports to the Middle East since 2008 – … Continue reading
Philip Morris Shares Upgraded by Davenport to “Buy” (PM)
Philip Morris (PM) was upgraded by investment analysts at Davenport from a “neutral” rating to a “buy” rating in a note issued to investors on Monday. PM has been the subject of a number of other recent research reports. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Philip Morris in a research note to investors on … Continue reading
Altria seeks to tap wide-ranging tobacco users
Today’s smokers are more open to trying different types of tobacco than smokers of previous generations, and Altria Group Inc is working on new products to entice consumers who want a change from cigarettes, the company said. The company, best-known for its Marlboro cigarettes, also stood by the profit forecast it gave in late January. Altria, whose other products include … Continue reading
