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Article: BAT Russia reduces cigarette production 6% in H1 (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- August 5, 2009
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BAT Russia reduces cigarette production 6% in H1 (Part 2)
MOSCOW. Aug 5 (Interfax) - British American Tobacco Russia produced 40 billion cigarettes in the first half of 2009, down 6% from the same period of 2008, BAT Russia managing director Kingsley Wheaton said at a press conference in Moscow on Wednesday.
The reduction in production can be attributed to seasonal factors, he said. The biggest decline in smoking is seen in the winter, while a 20%-30% increase in smoking is seen in the summer, he said.
The company's results were also impacted by general trends on the market. The Russian tobacco market contracted 3%-4% in the first half and will ...