These Things Happened In The International Tobacco Industry

These things happened in the international tobacco industry (7.26-7.30)

Altria's second quarter net income increased by 8.9% year-on-year

Altria Group’s net income in the second quarter of this year was US$6.9 billion, an increase of 8.9% over the same period in 2020. Net income in the first half of 2021 was US$13 billion, an increase of 1.9% over the same period in 2020. Altria CEO Billy Gifford said in a statement: "Our tobacco business continues to grow, and our talented employees work hard. As a result, we achieved excellent results in the second quarter. Our team continues to deepen the understanding of adult tobacco consumer preferences, expand the knowledge and supply of our smoke-free product portfolio, and expand our voice in harm reduction in the scientific and public health community, and continue to work on'beyond smoking'. "

U.S. FDA again postpones the effective date of graphic health warnings

Recently, the US FDA has postponed the effective date of requiring cigarette manufacturers to print graphic health warnings on their products to July 13, 2022. The FDA issued regulations in March 2020 requiring the use of new graphic health warnings on cigarette packages, which should indicate some of the health risks caused by smoking, and the graphic health warnings cover at least 50% of the front and back areas of the package. This FDA regulation was originally scheduled to take effect on June 18, 2021. Counting the previously set effective dates on October 16, 2021, January 14, 2022, and April 14, 2022, this is already the FDA’s first effective date. The effective date of the graphic health warning has been postponed four times.

How much difference is the price of cigarettes in Europe?

There is a huge gap between the average price of a pack of cigarettes throughout the European Union and throughout Europe. In Ireland, the price of a standard pack of cigarettes is 12.81 Euros, while in Bulgaria, it is more than enough to buy four packs of cigarettes at the same price. In Germany, the average price of a pack of cigarettes is 6.18 Euros, while in neighboring Poland, the price of a pack of cigarettes is 3.33 Euros. Poland and Belarus have a long border. Belarusian cigarettes are the cheapest, priced at 0.66 euros, which is one-fifth of the Polish price.

Many places in the United States plan to ban flavored tobacco

The city councils of Los Angeles and San Jose plan to ban flavored tobacco products, becoming the two most recent cities in California that have joined the ranks of the ban on fragrances. At the same time, the District of Columbia (DC) Committee of the United States passed the "Flavored Tobacco Products Ban Amendment Act 2021", banning the sale of flavored electronic cigarettes, menthol cigarettes, and flavored cigars and other flavored tobacco products. This new bill amends the existing ban on the sale of tobacco products to minors under the age of 16, and also prohibits the sale of e-cigarette devices within a quarter of a mile from middle and high schools. In addition, the sale of flavored tobacco products is also prohibited.

KT&G plans to increase overseas sales

South Korea’s largest cigarette manufacturer is working to increase its overseas sales to make up for potential losses in the domestic market due to the new tobacco regulations and the decline in the number of smokers. The National Assembly is currently reviewing a bill banning the sale of flavored cigarettes, including imported cigarettes and heat not burn heat stick that are popular with consumers. Earlier this year, it was reported that the government has plans to increase cigarette taxes, and the cost of a pack of cigarettes has almost doubled.