Nelt Group and Philip Morris International signed a new five-year distribution agreement for Serbia, extending a partnership that began in 2014. The agreement covers distribution operations in the Serbian market. Nenad Miščević, Nelt Group’s vice president for the Serbian market, said the renewed agreement continues the companies’ cooperation.
Tag: Nelt Group
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JTI Tabs Nelt Group for Albanian Distribution
Japan Tobacco International (JTI) tabbed Serbian logistics company Nelt Group to handle its distribution in Albania, the company said yesterday (December 22). The partnership has led to the creation of 50 new jobs, according to Nelt’s executive director for the Albanian market, Alban Ujkashej.
Nelt said the move marks a shift in its business model in Albania, with a dedicated local team established to support the distribution agreement. JTI noted that the partnership strengthens its market position in Albania and builds on existing cooperation with Nelt in Bosnia and Herzegovina. Founded in 1992, Nelt Group operates in 14 countries and expects revenue to rise 9% in 2025 to €1.5 billion.