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  • Spring Mountain Investments Divests Another 1.15% of BAT Shares

    Spring Mountain Investments Divests Another 1.15% of BAT Shares

    On October 16, BAT announced that Spring Mountain Investments Ltd.’s holding of voting rights attached to shares in the company fell below a notifiable threshold on October 14. The new total position of voting rights attached to shares is 2.808906%, representing 61,410,486 voting rights. This is a decrease from the previous notification of 3.950733%. The chain of controlled undertakings through which the voting rights are held includes Kenneth Bryan Dart, Portfolio Services Ltd, and Spring Mountain Investments.

    Spring Mountain Investments sold 115.2 million shares of BAT earlier this year, reducing its shares in the company by 53% since April.

  • Mexico Poised for Large Tobacco Tax Increase

    Mexico Poised for Large Tobacco Tax Increase

    Mexico’s proposed 2026 federal budget includes a steep hike in tobacco taxes that industry groups warn could expand illicit trade and harm small retailers. The plan would raise the ad valorem IEPS tax from 160% to 200% and gradually increase the per-cigarette quota from MX$0.61 ($0.033) to MX$1.15 ($0.062) by 2030.

    Officials say the measure aims to reduce smoking and fund healthcare, but trade associations argue it will instead push consumers toward cheaper illegal products. Legal cigarette packs could reach MX$100 ($5.40), while contraband versions sell for just MX$20–25 ($1.08–1.35), creating strong incentives for black-market purchases.

    According to the National Association of Small Traders (ANPEC), the price gap threatens 1.2 million small stores that support about 5 million people, as illicit sellers undercut legal retailers. The Confederation of Industrial Chambers (CONCAMIN) estimates tax evasion from illegal cigarettes costs the government MX$13–15 billion annually, with up to half of the tobacco market now illicit.

    Government data shows tobacco tax collections have fallen since 2019, dropping 6.9% year-on-year in 2024 and accounting for just 0.8% of total state income.

    The Senate is expected to debate and vote on the proposal starting October 20.

  • PMI Launches VEEV in South Africa, Expands Smoke-Free Portfolio

    PMI Launches VEEV in South Africa, Expands Smoke-Free Portfolio

    Philip Morris South Africa (PMSA) launched its VEEV e-cigarette this week, completing the company’s trio of smoke-free products in the country alongside IQOS heated tobacco and ZYN nicotine pouches, according to BizCommunity. This makes South Africa one of just 20 countries globally offering all three categories, underscoring PMSA’s commitment to providing adult smokers with scientifically backed alternatives to combustible cigarettes.

    Jonathan Kwak, Director of Smoke-Free Products at PMSA, said the launch gives “adult smokers more options than before when considering scientifically substantiated alternatives to smoking” and is a critical step toward eliminating cigarette use. PMI says it has invested over $14 billion globally since 2008 in research and development of smoke-free products, which are now available in 97 markets and used by more than 41 million adult consumers worldwide.

    While emphasizing that quitting all tobacco and nicotine remains the best choice, Kwak said that switching entirely to smoke-free products can significantly reduce exposure to harmful chemicals produced by burning tobacco. “With our expanding offering, we aim to accelerate South Africa’s transition to a smoke-free future, aligning with harm-reduction principles already embraced in other public-health fields,” he said.

  • Vietnam to Ban E-Cigarette and Heated Tobacco Investments

    Vietnam to Ban E-Cigarette and Heated Tobacco Investments

    Vietnam plans to ban all investment and business activities related to electronic cigarettes and heated tobacco products in a move aimed at protecting public health. The proposal, discussed at the National Assembly’s 50th Standing Committee session, is part of a broader revision of the Investment Law to simplify project approvals and update prohibited business sectors.

    Deputy Finance Minister Nguyễn Thị Bích Ngọc said the draft law would restrict prior approval to sensitive projects, including those affecting national security, the environment, or major infrastructure. The ban aligns with Resolution 173 adopted in November 2024, which calls for a nationwide prohibition on the production, trade, import, storage, transportation, and use of e-cigarettes, heated tobacco, and other addictive substances.

    Lawmakers welcomed the reforms while recommending limited exceptions for exports, scientific research, medical use, or national defense. If passed, the measure would mark Vietnam’s strongest action yet against new forms of tobacco, reinforcing the country’s commitment to public health amid the global surge in vaping and heated tobacco use.

  • JTI Introduces Ploom AURA in Romania

    JTI Introduces Ploom AURA in Romania

    Japan Tobacco International launched its latest heated tobacco device, Ploom AURA, in Romania, offering adult consumers a modern and premium experience. The device features “SMART HEATFLOW technology, which preserves authentic tobacco flavors without combustion or smoke, while its sleek, curved design ensures ease of use and a sophisticated look.” Sobranie refills with CleanSeal technology complement the device, preventing tobacco leakage and enhancing the overall experience.

    Marian Zamfir, Marketing Director for JTI Romania, Moldova, and Bulgaria, said the device meets three essential consumer needs: taste, experience, and style, saying, “Ploom AURA was designed for adult consumers seeking solutions that align with their lifestyle and evolving preferences.” The launch follows JTI’s entry into Romania’s heated tobacco market in 2023 with the Ploom X device.

    Alexander Pitchka, General Manager of JTI Romania, Moldova, and Bulgaria, highlighted the company’s long-term vision in the country, citing its success in developing premium brands like Sobranie. He emphasized that the launch reflects JTI’s commitment to sustainability, consumer choice, and innovation.

  • BAT Launches Yoti Age Estimation System in Channel Islands

    BAT Launches Yoti Age Estimation System in Channel Islands

    BAT partnered with the Channel Islands Co-operative Society (Coop) and digital identity company Yoti to roll out facial age estimation technology across 10 Coop stores in Jersey, aiming to prevent underage access to tobacco and nicotine products.

    The initiative is part of BAT’s wider European deployment of Yoti technology, now active in over 600 stores and expected to reach 1,000 by year-end. Early trials have shown a 99% accuracy rate, with 99.3% of 13–17-year-olds correctly identified as underage. The system estimates a shopper’s age using a quick photo scan and deletes the image immediately after verification.

    BAT said the project underscores its global commitment to responsible retailing and youth access prevention. “Globally, technology is at the forefront of BAT’s transformation and plays a crucial role in combating underage access,” said Susanna De Iesu, Commercial Director, BAT UK&I. “Our partnership with Yoti demonstrates our advancement in technological innovation and provides an extra level of protection to ensure our products are sold solely to adult nicotine consumers.”

  • Imperial Launches THR Myth-Busting Series

    Imperial Launches THR Myth-Busting Series

    Imperial Brands Science launched a new educational video series to debunk common myths about nicotine, vaping, and other NGPs. The short videos address topics such as the “popcorn lung” myth, misconceptions about regulation and research, passive vaping versus passive smoking, and misunderstandings about nicotine itself.

    The series is in response to a new 2025 survey by Action on Smoking and Health (ASH) has found that misconceptions about vaping and next-generation products (NGPs) have reached record levels in Great Britain. According to the report, 63% of young people and 53% of adult smokers now wrongly believe that vaping is as harmful—or more harmful—than smoking. ASH noted that increased media focus on youth vaping may have contributed to this widespread misunderstanding.

    Imperial Brands said the initiative aims to improve public understanding of tobacco harm reduction and highlight the potential of NGPs as less harmful alternatives for adult smokers. “We want to ensure consumers have the right information and continue to challenge misconceptions through responsible education and communication,” the company said.

  • Altria to Webcast 2025 Q3 and Nine-Month Results

    Altria to Webcast 2025 Q3 and Nine-Month Results

    Altria Group, Inc. will host a live audio webcast October 30, at 9 a.m. ET, to discuss its third-quarter and nine-month business results. A press release with the results will be issued at approximately two hours in advance.

    CEO Billy Gifford and CFO Sal Mancuso will present the results and answer questions from investors and the media. The webcast is listen-only, and pre-registration is required. Directions are available at www.altria.com/webcasts. An archived version will be accessible on Altria’s website after the event.

  • Pakistan Tobacco Farmers in Crisis as PTB Surplus Order Flouted

    Pakistan Tobacco Farmers in Crisis as PTB Surplus Order Flouted

    Tobacco farmers in Khyber Pakhtunkhwa and Punjab are struggling as local companies fail to comply with the Pakistan Tobacco Board’s (PTB) September directive to purchase 40 million kilograms of surplus crop, according to Business Reporter. While some major firms have met their obligations, most local companies have delayed or refused purchases, leaving thousands of farmers with unsold tobacco and mounting financial losses, the article said.

    Farmers report that companies are buying tobacco below the Minimum Indicative Price and failing to honor payment terms, forcing growers to sell at throwaway prices to middlemen. In Swabi, for example, flue-cured Virginia tobacco remains in storage with no buyers in sight.

    Experts warn that issuing surplus orders without a monitoring framework or penalties has left farmers exposed. Compliant companies face liquidity and storage constraints, while non-compliant firms distort market dynamics. Industry analysts suggest that a second surplus order may be considered, but without stricter oversight, its impact could be limited.

    The crisis comes amid broader challenges for Pakistan’s legal tobacco industry, including falling domestic demand and economic pressures. Farmers emphasize that tobacco is a family livelihood, and the government’s lack of enforcement risks eroding trust in regulatory safeguards.

  • Ukraine’s Illegal E-Cigarette Market Costs $180M in Taxes

    Ukraine’s Illegal E-Cigarette Market Costs $180M in Taxes

    Ukraine’s e-cigarette market is almost entirely illegal, with the shadow market accounting for 93% of consumption, according to Mykola Pasichnyi, professor at the Kyiv National University of Trade and Economics. About 40% of vaping liquids are smuggled, while 60% is counterfeit and locally produced, he said.

    The illicit trade causes the government to lose an estimated 7.5 billion UAH ($180 million) annually in taxes, including excise, VAT, and local levies. Pasichnyi warned that combating this requires stronger enforcement by customs, border guards, and tax authorities, along with dedicated funding.

    Despite the scale of the problem, Ukraine’s draft 2026 budget allocates only an additional 13,500 UAH ($324) for the Bureau of Economic Security and none for customs reform, raising concerns over government priorities. Experts say urgent action is needed to regulate the market, recapture lost revenue, and curb the illegal trade.