Philip Morris Bids for Factory License in Egypt

Philip Morris International made a “technical” offer for a new cigarette factory license in Egypt, reports Mubasher.

British American Tobacco; Al-Mansour Group, the distributor of Imperial Tobacco products; and Japan Tobacco International failed to submit their offers, asking to delay the process instead, according to Ibrahim Embaby, the head of the tobacco division at Egypt’s Industrial Development Authority.

The three companies have conservations regarding the bidding terms, which were amended earlier. Their requests will be submitted to Egypt’s prime minister, Embaby said.

One of the companies also asked for separating the new licenses for conventional cigarettes and heated-tobacco products, he added.