Category: Featured

  • RLX Buys ‘Market Leaders’

    RLX Buys ‘Market Leaders’

    Photo: RLX Technology

    RLX Technology entered into two share purchase agreements with two target companies and their respective shareholders with a total consideration of approximately $25 million. The entry of the share purchase agreements for business acquisitions and the transactions contemplated thereunder have been approved by the company’s board of directors and audit committee.

    Each of the two target companies is a market leader in the vapor industry in their home countries, located in Southeast Asia and North Asia, respectively, RLX wrote on its website. The transactions contemplated under the share purchase agreements for business acquisitions are expected to facilitate the company’s international expansion in Southeast Asia and North Asia. The company also plans to continue its overseas expansion in the future.

  • PMI to produce BAT cigarettes in Switzerland

    PMI to produce BAT cigarettes in Switzerland

    Photo: PMI

    Philip Morris International and BAT have entered into a contract manufacturing agreement for cigarette production in Neuchatel, Switzerland, reports Le Temps.

    “[L]imited volumes of BAT cigarettes will take place in the PMI factory located in Neuchatel,” BAT wrote in a press note cited by the newspaper. “This is an agreement specific to the Swiss domestic market.”

    Only part of the cigarette volumes intended for the Swiss market will be produced in Neuchatel; the rest, as well as previously exported volumes, will be manufactured in other BAT factories.

    Six positions will be added at the Boncourt site, according to BAT, bringing the total number of positions at the site to about 20.

    BAT Switzerland announced this summer that it would maintain its warehouse and shipping department in Boncourt. The company’s head office remains in the canton of Jura.

  • Serpil Timuray joins BAT board

    Serpil Timuray joins BAT board

    Image: BAT

    Serpil Timuray has joined the board of BAT as an independent nonexecutive director and as a member of the nominations and remuneration committees.

    Timuray is currently the CEO of Europe Cluster and a member of the executive committee at Vodafone Group. She joined Vodafone in 2009 and has held a variety of executive roles being the group chief commercial operations and strategy officer in charge of areas including global strategy, marketing, innovation and digital transformation, the regional CEO for Africa, Middle East, Asia, Pacific, and the CEO of Turkiye.

    Prior to joining Vodafone, Timuray was the CEO of Danone Dairy Turkiye, having started her career in 1991 at Procter and Gamble, where she held several marketing roles. Timuray is currently nonexecutive director of TPG Telecom. She previously served as an independent nonexecutive director of Danone Group from 2015 to 2023 and as the chair of the corporate social responsibility committee.

    “I am pleased to welcome Serpil Timuray to our board,” said BAT Chair Luc Jobin in a statement. “Her extensive experience in growing consumer and enterprise product companies in technology and fast-moving consumer goods sectors and in managing global strategy, innovation and digital transformation will be beneficial to the board as we continue to accelerate our strategy to build ‘A Better Tomorrow.’”

  • Borgia Walker to Direct HR at Reynolds

    Borgia Walker to Direct HR at Reynolds

    Photo: RAI

    Reynolds American Inc. (RAI) has appointed Borgia Walker to the role of senior vice president, human resources and inclusion. In this role, Walker will oversee RAI’s human resources strategy and operations and serve on the RAI leadership team, as well as BAT’s global human resources leadership team.

    “Our employees are key to driving our transformation, and no one is better fit to lead our people strategy than Borgia,” said RAI President and CEO David Waterfield in a statement. “She is a respected leader within Reynolds because of the tremendous impact she has made on our organization’s transformation towards building ‘A Better Tomorrow,’ and she also embodies the spirit of giving back to the community, which is core to who we are as an organization.”

    Walker joined Brown and Williamson (which merged its U.S. tobacco assets into RAI in 2004) in 1995 and held roles in finance, internal audit, and regulatory oversight before joining the HR function in 2015 as a business partner.

    Her career in HR includes serving as senior director – health and wellness, where she implemented a new health plan; vice president – organizational effectiveness and services, where she was responsible for the HR service team and payroll; and vice president – HR services and integration, where she expanded her responsibilities to lead the global integration of the U.S. HR framework.

    In her new role, she will lead and oversee talent acquisition, leadership development, diversity and inclusion, organizational design, and cultural development, as well as employee education and development, compensation and benefits.

  • SWM Deal Complete

    SWM Deal Complete

    Photo: SWM

    SWM International has been successfully acquired by Evergreen Hill Enterprise. The company will now operate as an independent privately owned business with its headquarters located in Luxembourg.

    SWM International is a leading supplier of premium, highly engineered lightweight materials. The company serves various industry segments, including tobacco, cannabinoids, battery, surface protection, packaging and medical. With a global footprint including facilities in Asia, Europe, Latin America and the United States, the company is home to nearly 2,000 employees worldwide, including an experienced management team.

    “Today marks a milestone for our employees, our customers and our partners,” said SWM CEO Katrin Hanske in a statement. “Leveraging our profound engineering expertise in botanicals and natural fibers, we are dedicated to further advancing innovation in our distinctive products and technologies, all while expanding our manufacturing capabilities.”

    The acquisition was first announced in August 2023. Headquartered in Singapore, Evergreen Hill Enterprise is affiliated with BMJ of Indonesia.

  • Grants Under Scrutiny

    Grants Under Scrutiny

    Image: Piotr Pawinski

    A corporate accountability group is urging Nigeria to investigate the Export Expansion Grant (EEG) awarded to tobacco companies by previous governments, reports the Daily Trust.

    The EEG is a post-shipment incentive to encourage indigenous companies to expand the volume and value of their exports.

    The Corporate Accountability and Public Participation Africa (CAPPA) made its call on Dec. 1, after the chairman of the Presidential Committee on Tax Reforms and Fiscal policy suggested that Nigeria’s administration of tax waivers fell short in terms of prudence and transparency.

    “We demand a full and transparent inquiry into these shady waivers that have ripped the country of its revenues,” CAPPA Executive Director Akinbode Oluwafemi was quoted as saying. “More so, we are concerned about the benefits awarded to the tobacco industry under the Export Expansion Grant Scheme, and other untoward agreements which insult every Nigerian striving for a healthier and more equitable society’.’

  • Kathmandu to Ban Plastic-Pack Products

    Kathmandu to Ban Plastic-Pack Products

    Photo: Taco Tuinstra

    Kathmandu will ban the sale of tobacco products in all its 32 wards from Dec. 13, 2023, reports myRepublica.

    Ram Prasad Poudel, chief of the Kathmandu Metropolitan City’s (KMC) health department, said the measure would apply to the sale, storage and use of all tobacco products packaged in plastic. This includes not only cigarettes and bidis, but also tamakhu, sulfa, kakkad, gutkha and paan parag, among other regional products.  

     “We are on a campaign of making Kathmandu a healthy city,” said Poudel.

    The KMC reportedly plans to apply similar measures to water pipe tobacco at a later stage.

  • PCA Debuts Advocacy Grant Program

    PCA Debuts Advocacy Grant Program

    Image: Olivier Le Moal

    The Premium Cigar Association (PCA) of the United States announced a new state advocacy grant program aimed at investing in state associations and their boots-on-the-ground lobbying capacity for the 2024 legislative cycle.

    The resources in the program approved by the PCA board of directors will be spent much like a match grant program where the state association agrees to match funding by the PCA, going toward hiring contract lobbyists to advance positive legislation or fight back against erroneous regulations. State associations must have a basic infrastructure in place and must meet certain criteria to be eligible for funding, including having an incorporated state association and agree to accountability and transparency with the PCA about where the funds will be spent. 

    “This is not only a way for us to support existing state associations and their advocacy capacity, but it also establishes a baseline for starting a brand new state association with the prospective of seed funding. This criterion is a blueprint to get started and to receive funding. Our staff will continue to support individual associations and retailers with strategy and logistics, and this is a new tool to help maximize that effectiveness,” says Scott Pearce, executive director of the PCA.

    Grant criteria include: having an incorporated and active state association; having an elected board of directors; having a designated treasurer with authority over accounts; agreeing to comply with PCA reporting requirements; agreeing to PCA involvement in consulting lobbyist selection process; agreeing to disclose any and all issues for which funds are used and for which lobbyist is engaged; and providing the PCA with the operating budget and amount and source of funds raised by the state association.

    “This year, our team has been extremely effective in the states and is reflective of retailers stepping up to defend their businesses. This state grant program is aimed at spurring this level of activity and, frankly, success moving forward. Each year, our team must evaluate our priority area, and in the past, our Vision 50 strategic plan focused on litigation or international outreach. Make no mistake, this is the year of the states,” says Joshua Habursky, the PCA’s head of government affairs.

    Applications can be submitted to the PCA online portal and will be reviewed by appropriate advocacy staff and the PCA Legislative Affairs Committee. Applications will be reviewed on a rolling basis and will reflect legislative/regulatory necessity in the state. 

  • Canada Targets Zonnic Marketing ‘Loopholes’

    Canada Targets Zonnic Marketing ‘Loopholes’

    Image: Imperial Tobacco Canada

    Canadian Health Minister Mark Holland announced that the health department will address “loopholes” surrounding Zonnic, a flavored nicotine pouch product from Imperial Tobacco Canada, reports the Canadian Broadcasting Corp.

    Health Canada previously approved the sale of Zonnic without any advertising or sales method restrictions.

    According to Holland, “the behavior and intentions of the tobacco industry have raised serious concerns as they appear to want to addict new young people to nicotine, which is appalling, and we want to address this issue.”

    In November, six national health organizations called on the government to immediately regulate the advertising and sale of flavored nicotine products; Zonnic is not included in any existing federal or provincial tobacco or e-cigarette legislation as it does not contain tobacco, contains less than 4 mg of nicotine and is not inhaled.

    Holland reportedly takes responsibility for the oversight and plans to review the approval process for nicotine products.

    Imperial Tobacco Canada must conduct annual self-reports and “identify any appeal or abuse of their products among young people,” Health Canada stated.

    “Marketing targeted at young people will be considered deceptive advertising and may trigger post-listing compliance action,” the Canadian Ministry of Health stated. Decisions regarding product sales locations and age restrictions are determined by individual provinces and territories, according to Health Canada.

    In response to earlier criticism, Imperial Tobacco Canada said that it has already taken measures to prevent youth access to its products.

  • Canary Islands to Revise Tobacco Tax Law

    Canary Islands to Revise Tobacco Tax Law

    Image: Comugnero Silvana

    The Canary Islands plans to revise its tobacco products tax law in 2024, according to 2Firsts.

    Beginning next year, e-cigarette products and e-cigarette juices will be subject to a tax of €0.10 ($0.10) per milliliter with the revenue being incorporated into the 2024 budget proposal.

    Implementing this tax will make the Canary Islands the first Spanish autonomous community to impose a specific tax on tobacco products.

    The tax will affect e-cigarette devices and liquids regardless of nicotine content.

    A Ministry of Health report titled E-Cigarette Tax Review: European Regulations and Potential Scenarios in Spain predicts that the impending tax could increase national public revenue from €7 million to €48 million.

    The revised bill will also increase the tax rate for cigars and small cigars to 4 percent from 2 percent and increase the tax rate for other tobacco products to 10 percent from 5 percent.