Category Archives: Cigarette Manufacturers
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
PM USA comes out on top in first federal Engle case
A federal jury in Duval County yesterday decided in favor of Philip Morris USA and another tobacco company in the first federal Engle case to go to trial. After deliberating for less than an hour, the jury determined that smoking was not the medical cause of the injury, according to a note posted on the Altria and PM USA websites. … Continue reading
How Philip Morris built Marlboro into a global brand for young adults
Philip Morris pursued standardised market research and strategic marketing plans in different regions throughout the world using research on young adults with three principle foci: lifestyle/ psychographic research, brand studies, and advertising/communication effectiveness. Philip Morris identified core similarities in the lifestyles and needs of young consumers worldwide, such as independence, hedonism, freedom, and comfort. In the early 1990s Philip Morris … Continue reading
Philip Morris Increases Cigarette Prices By Nearly 7%
Starting February 10, Philip Morris International Korea will increase its cigarette prices by nearly 7-percent on average. Its flagship brands such as Marlboro, Parliament and Lark will be sold at 2,700 won roughly 2-dollars-and-40-cents a pack, up 200 won. In April and May last year, British American Tobacco Korea, the No. 2 player in the local market, and Japan Tobacco International … Continue reading
