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News And Events

PMI signs three-year pack to buy Greek tobacco

Philip Morris International (PMI) and affiliate Papastratos Cigarette Manufacturing Company will buy 20 per cent more domestic grown Oriental tobacco in the three years through 2015 under terms of a cooperation agreement with the governent, the company said.

The pact provides stability to about 25,000 Greek tobacco growers hit by the economic malaise that has gripped the rest of the country, PMI said. Purchases will begin this year. The 20 per cent increase is measured against the total for the three years prior to 2013.

“PMI has invested approximately 600 million euros in Greece since 2003. In these difficult times and despite the unprecedented crisis that has impacted the country, not only do we remain steadfast in supporting Papastratos, our business partners and the country’s economy, but we are also expanding our business activities,” said PMI Chief Operating Officer André Calantzopoulos. (4 Mar 2013)

 

Hauni acquires Borgwaldt

Hauni Maschinenbau acquired Borgwaldt Group, a manufacturer of analysis machines used in cigarette and filter production, to complement its 2010 acquisition of equipment maker Sodim, the company said.

 

Borgwaldt will become part of Hauni with immediate effect, retaining its management team and separate legal status. A sale price was not disclosed.

 

“Using the Borgwaldt brand we shall jointly continue to expand our analysis actitivies alongside our French subsidiary Sodim,” Hauni Executive Board Chairman Christopher Somm said.

 

Borgwaldt has about 150 employees around the world and a flavour business. Somm said adding a flavours unit would boost Haunit’s expertise as an international tobacco industry supplier.

 

Sodim makes metrology and measurement systems and was purchased from Imperial Tobacco. At the time, Hauni said acquiring Sodim would allow it to offer offline measuring and analysis instruments for the cigarette and filter sectors.

 

A separate statement from Borgwaldt management said the sale will create new growth opportunities with a strong partner. Both Borgwaldt and Hauni are based in Hamburg, Germany. (1 Mar 2013)

 

BAT cautions on UK plain packs

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Japan government to sell 333 million JT shares

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Putin signs anti-smoking bill

President Vladimir Putin signed into law a series of anti-smoking measures

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