Philip Morris ceases all cigarette production at Greek facility, to make only smoke-free products

Philip Morris International Inc. PM, -0.38% said Wednesday it has ceased all cigarette production at the facility of its Greek affiliate Papastratos, which will now only produce HEETS, the tobacco units used with its smoke-free product IQOS. This follows the company's announcement a year ago that it was investing 300 million euro, which at the [...]

By | 2018-04-12T13:24:14+00:00 April 12th, 2018|Uncategorized|0 Comments

JT Group Acquires Russia’s Donskoy Tabak

Company strengthens its number one position in Russia Japan Tobacco Inc. (JT) (TSE: 2914) announces today that the JT Group has agreed to acquire Donskoy Tabak (DT) companies, reinforcing its No. 1 position in Russia, the third largest tobacco market in the world. The purchase price for the transaction is estimated at around RUB 90 [...]

By | 2018-04-12T13:22:42+00:00 April 12th, 2018|Uncategorized|0 Comments

Södra announces price hikes in Europe

Södra Cell has increased the price of its northern bleached softwood kraft (NBSK) pulp as “supply remains tight”. As of 1 April, the company’s NBSK pulp has been increased in Europe to $1,170/tonne. Magnus Björkman, VP marketing and sales Södra Cell, said: “We continue to see very strong global demand while supply remains tight. “This [...]

By | 2018-04-12T13:21:19+00:00 July 26th, 2017|Uncategorized|1 Comment