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Article: BAT Russia boosts cigarette production 2% in 2007.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 28, 2008
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BAT Russia boosts cigarette production 2% in 2007
LONDON. Feb 28 (Interfax) - British American Tobacco (BAT), one of the world's leading tobacco producers, increased cigarette production in Russia 2% to 85.2 billion cigarettes in 2007, BAT Russia managing director Kingsley Wheaton said at a press conference in London on Thursday.
The company's share of the Russian tobacco market increased 0.06 percentage points by volume to 22.4% last year and 1.2 percentage points by cost to 25%. The company's share by cost is growing twice as fast as its share by volume, he said. This increased has enabled the company to narrow the gap with its main competitor Philip ...