Convinced that its earnings fall short of potential, Zimbabwe has set out to capture more value from its tobacco business.
By growing the crop and moving up the value chain, the country aims to build a $5 billion tobacco industry by 2025.
Will it succeed? Read our special report about the challenges and opportunities associated with Zimbabwe’s Tobacco Value Chain Transformation Plan.
All JTI Russian Entities Under Temporary Administration
Russia accounts for approximately 10% of JT Group’s consolidated reported revenue and 25% of its adjusted operating profit.
Modern Oral Spurs Turning Point’s 27% Rise in Q3
Modern Oral gross sales increased 114.2% to $93.9 million, while net sales rose 102.9% to $74.4 million.
Arcus Launches Regulatory Monitoring Tool for Nicotine Sector
It said the tool is intended to give smaller businesses access to regulatory information traditionally available to larger companies.
KT&G Launches HTPs in Kazakhstan
The launch is part of KT&G’s strategy to expand its next-generation products business internationally.
ALP Opens Pouch Pop-Up in NYC
ALP’s CEO said the initiative marks the company’s first effort to enter the New York City market, which it had previously avoided while focusing on rural areas.
Hawaii’s Largest Vape Retailer to Close Due to Changing Regs
The company, which has operated since 2009, said the closures will result in approximately 56 layoffs.
Indonesia’s MUI Declares Vapes Haram
It also called on the government to take immediate steps to control the distribution of e-cigarettes and protect the public from their alleged negative effects.
T&T Association Seeks 25% Tobacco Excise Tax Reduction
The TTMA is urging the government to extend to tobacco manufacturers the 25% excise tax reduction granted to the alcohol industry.
Kenya Proposes Fine, 10-Year Prison Term for Shisha Violations
The proposed legislation would also increase penalties for smoking in prohibited places to a maximum fine of Sh100,000 ($770) and one year in prison.
Dentsu to Operate U.K. Track-and-Trace System
The new system is scheduled to become operational on July 1, 2022.
