Souza Cruz plans Tabacuba partnership extension

British American Tobacco’s Brazilian affiliate Souza Cruz plans to extend to 2020 its partnership with Cuba’s state-owned Tabacuba in the joint-venture cigarette maker Brascuba, according to a SABI Business News story relayed by the TMA.

Souza Cruz’s plans are based on the potential for economic growth in Cuba after the possible lifting of the US economic embargo against the country.

Brascuba, which currently has an annual turnover of more than US$50 million, plans to establish a new cigarette plant to boost production to 3.8 billion pieces a year.