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Japan Tobacco stock hit as $10 billion stake sale nears

Japan’s gov is set to launch the sale of a part of Japan Tobacco, producer of Monte Carlo cigarettes, being a move that hit the company’s stock offering nearly $10 billion. Shares third largest Tobacco Company in the world, after the report from Reuters about the tobacco sale that will take place in the coming days. The offering of the largest since the USA. $30 billion of the American International Group shares in September comes as Japanese near their highest levels in more then 4 years. JT shares 3.2% at 2,832 yen in late morning, having fallen in three week low of 2, 752yen. The sale of usually prompts represents a fall in price because it will increase the supply of traded stock in the market. Conditions for sell-down in the gov stake in … Read entire article »

Filed under: Tobacco laws, Tobacco news

Japan Tobacco Inc

Japan Tobacco Inc is the producer of Monte Carlo cigarettes(JT) (TSE: 2914) today announced that it has entered into an agreement to acquire all of the outstanding shares of Al Nakhla Tobacco Company SAE and Al Nakhla Tobacco Company – Free Zone SAE (Hereinafter “Nakhla”). The agreement was between signed1 JT Group and French SA, which manages Nakhla. JT expects complete2 acquisition in the fiscal year ending March 31, 2013. Nakhla, with headquarters and two factories in Cairo and Shebin El Kom, Egypt, is one of the world’s leading water pipe tobacco (also known as molasses and barbecue) manufacturers with an important presence in the domestic market. It exports its products to over 85 countries, primarily in the Middle East and North Africa, where such products are deep-rooted heritage. With a … Read entire article »

Filed under: Tobacco companies

Japan opens doors to local tobacco producers

Japan Tobacco, which is one of the largest cigarette manufacturers on a global scale, has signed a contract with about 7,000 Zambian tobacco farmers to enable them to deliver the goods to the company, a senior executive vice president Ryoji Chijiiwa has said. Mr. Chijiiwa said his firm has been buying tobacco in Zambia for many years, and has since been signed to about 7, 000 Zambian tobacco growers, so that they might have a ready market for their produce. He said here on Thursday when President Michael Sata of Zambia and the delegation met with several Japanese business leaders at the conference hall Keidanren Kaikan Conference room. “We also provide 300 jobs locally here in Japan because of the base purchase tobacco in Zambia we have,” Mr. Chijiiwa said. He praised the cooperation … Read entire article »

Filed under: Tobacco companies, Tobacco laws, Tobacco news, Tobacco-general info

Japan Tobacco

Smokers tend to more luxurious and relaxing smoking experience need look no further than the “The Peace”, an all-new, top of the line canned cigarette from Japan Tobacco. Sold by the number of selected Japanese retail at a price premium and packaged in a sleek metal cans, the world is the ultimate expression of the iconic brand was first introduced in 1946. Times were tough in postwar Japan, as well as smokers and cigarettes they smoke. One of the last was “The World” from Japan Tobacco; Cigarette boasts nearly three times the resin and more than twice as current smoker’s nicotine to JT. Over the past 66 years, the world is a brand built on the early adoption of war-weary smokers to become one of the most popular cigarette in the … Read entire article »

Filed under: Tobacco companies, Tobacco news

Fast Profit For ITC Ltd

ITC Ltd., Asia’s second-largest tobacco company by value, said fourth-quarter profit rose 27 percent, the fastest pace in more than three years, on higher cigarette sales and as losses narrowed in a unit that sells snacks and apparel.Net income increased to 10.3 billion rupees ($219 million) in the three months ended March 31 from 8.09 billion rupees a year earlier, ITC, based in Kolkata, India, said in a statement today. That compares with the 10.2 billion rupee median estimate of 20 analysts compiled by Bloomberg. ITC, which gets more than 80 percent of its profit before tax from selling tobacco, benefited in the quarter as retailers hoarded cigarettes in anticipation of an increase in excise tax in the federal budget for the year ending March 31. ITC, Asia’s most valuable cigarette … Read entire article »

Filed under: Tobacco companies