Tobacco Documents Online

"B.A.T. PLC Up on Philip Morris 02 Figures" Reuters (07/12/94) In London, shares in B.A.T PLC grew strong after trading lower throughout the morning session due in part to Philip Morris's. 19.3 percent Q2 earnings. "They were a pretty good set of figures and have certainly given B.A.T a lift," said one analyst. Philip Morris reported earnings of $1.42 a share, with net income rising to $1.2 billion, up 17.6 percent in the quarter. "Croatia Produces Marlboro Cigs Under License" Reuters (07/12/94) In Zagreb, Croatia, tobacco manufacturer Tvornica Duhana Rovinj this week began production of Marlboro cigarettes under license, according to director Anton Cerin. Philip Morris Cos. is the first inter- national tobacco firm to give a production license to a Croatian cigarette maker, said company executive Marco Terribillini. Tvornica Duhana Rovinj's factory, located close to Italy in the northern Istrian peninsula, produces Walter Wolf and Ronhili, Croatia's best known brands. "Marion Merrill Dow Launches Nicorette in Japan" Reuters (07/12/94) Marion Merrill Dow has launched its smoking cessation product, Nicorette 2 mg, in Japan. Dow said pharmaceutical wholesalers began stocking the product in June, and this month Nicorette has become available to physicians throughout Japan. According to Dow, Nicorette is the first nicotine replacement therapy aid in Japan. Dow said it is estimated that between 3 million and 5 million of Japan's 30 million smokers have smoking-related disorders. "Cigarette Companies Try to Strike a Match in Asia" Boston Globe (07/11/94) P. 7; Zuckoff, Mitchell The United States has for many years been busy trying to market American cigarette brands to countries in Asia. During the 1980s, the United States Trade Representative's office worked vigorously to ensure access for U.S. tobacco firms in Asian countries, which usually limited their markets to government-owned cigarette monopolies. The free traders' rationale was that if a U.S. trading partner allowed domestic sales of cigarettes, then American tobacco companies should be allowed to compete. So far it has been profit- able; exports by U.S. tobacco firms cut the nation's trade deficit over $4 billion annually. The U.S. tobacco invasion has been keenly felt n I