Tag Archives: tobacco company
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
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
China's Tobacco Monopoly Bigger by Profit Than HSBC
China National Tobacco Corp., the nation’s cigarette monopoly, may be larger by annual profit than HSBC Holdings Plc (HSBA) and Wal-Mart Stores Inc. (WMT), according to a rare release of the company’s financial data. The state-owned tobacco company had net income of 117.7 billion yuan ($18.7 billion) in 2010 on sales of 770.4 billion yuan. Industrial Bank Co. released the … 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
Grandson of major tobacco company founder speaks out against smoking
Patrick Reynolds is the grandson of the late RJ Reynolds, whose company produces cigarette brands Camel, Monarch and Winston. Reynolds says his father’s death from emphysema caused by years of smoking is why he’s trying to help others through The Foundation for a Smokefree America. “I started smoking myself at 17 and quitting was one of the hardest things I … Continue reading
Reynolds American, Inc. (RAI): Zacks Rank Buy
Reynolds American, Inc. (RAI ) has been trading like a high flyer for the last few months, hitting a number of new all-time highs as investors shift into more conservative segments of the market. With a high industry rank and estimates on the rise, this Zacks #1 Rank stock is burning up the charts. Reynolds American, Inc., through its subsidiaries, … Continue reading
Cigarette Sales May Be Off, But Lorillard Still Rolls On
Fewer Americans smoke cigarettes these days, but Lorillard Inc. is betting it can buck the trend. Last year, as part of a decades-long decline, the percentage of U.S. adults who smoke dropped below 20%. Altria Group Inc. and Reynolds American Inc., the two largest U.S. tobacco companies by sales, have begun diversifying into smokeless tobacco products, which are less harmful … Continue reading
Kent Click 1 mg launched in Korea
British American Tobacco Korea this week launched Kent Click 1 mg, according to a story in The Korea Times. The company, which last year launched Kent Click 6 mg, said the new product was the world’s first Kent 1 mg capsule cigarette offering two tastes in a single product. It added that smokers can enjoy the king-size cigarette with a … Continue reading
Philip Morris International Inc.: Today’s Featured Tobacco Winner
The tobacco industry closed the day down 0.3%. Alliance One International Inc ( AOI ) were all winners today within the tobacco industry with Philip Morris International Inc ( PM ) being today’s featured tobacco winner. Philip Morris International Inc rose $1.01 (1.6%) to $66.31 on average volume. Throughout the day, 7.9 million shares of Philip Morris International Inc exchanged … Continue reading
