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Monthly Archives: January 2012

Goldman Sachs (GS) Analysts Downgrade Philip Morris (PM) Shares to “Neutral”

Philip Morris (NYSE: PM) was downgraded by Goldman Sachs (NYSE: GS) to a “neutral” rating in a research note issued on Tuesday.

Philip Morris

Philip Morris logo

Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Philip Morris to $85.00 in a research note to investors on Wednesday, January 11st. Analysts at Davenport downgraded shares of Philip Morris from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 6th. Also, analysts at Nomura (NYSE: NMR) downgraded shares of Philip Morris from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 8th.

Philip Morris International Inc. (PMI) is engaged in the manufacture and sale of cigarettes and other tobacco products through its subsidiaries and affiliates. The Company’s products are sold in approximately 160 countries. PMI’s portfolio comprises both international and local brands. Its portfolio comprises both international and local brands, which include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. The Company divides its markets into four geographic regions: The European Union (EU); The Eastern Europe, Middle East and Africa (EEMA); The Asia Region, and The Latin America and Canada Region. As of December 31, 2009, PMI operated and owned 58 manufacturing facilities, operated two leased manufacturing facilities, one in Korea and one in Mexico, and maintained 30 contract manufacturing relationships with third parties. In September 2009, PMI acquired Swedish Match South Africa (Proprietary) Limited.

Philip Morris opened at 77.32 on Tuesday. Philip Morris has a 52-week low of $55.98 and a 52-week of $79.96. The stock has a 50-day moving average of $76.62 and a 200-day moving average of $70.40. The company has a market cap of $134.3 billion and a price-to-earnings ratio of 16.40.

 
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Posted by on January 19, 2012 in Tobacco Articles

 

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Japan Tobacco Introduces ‘The Peace’ Luxury Canned Cigarettes

Smokers seeking a more luxurious and relaxing smoking experience need look no further than “The Peace”, an all-new, top of the line canned cigarette from Japan Tobacco. Sold by a selected number of Japanese retailers at a premium price and packaged in sleek metal cans, The Peace is the ultimate expression of an iconic cigarette brand first introduced in 1946.

Times were tough in post-war Japan, as were smokers and the cigarettes they smoked. One of the latter was “Peace” from Japan Tobacco, a cigarette boasting almost three times the tar and more than twice the nicotine as JT’s current smokes. Over the past 66 years, the Peace brand has built on its early acceptance by war-weary smokers to become one of the country’s most popular cigarettes.

Faced with mounting restrictions on smoking in Japan and a steadily shrinking customer base, Japan Tobacco is reaching out to deep-pocketed smokers with “The Peace”: the ultimate expression of the iconic Peace brand. The main selling points of The Peace are “the ultimate experience of aroma” along with a unique metal can exemplifying the timeless look and feel of luxury.

JT raises the aroma bar by taking a page from the master tea makers’ handbook: top quality ingredients enhanced by meticulous preparation. Only 100 percent select Virginia tobacco goes into The Peace, and its mellow, rich aroma is the result of skillful blending by tobacco experts. JT then employs (for the first time in Japan) “new trimming” – a process via which flash heats the fine cut tobacco to banish any unpleasant notes.

Last and certainly not least, each package of 20 cigarettes comes in a flat steel can painted Navy Blue with gold text. The brand’s classic “dove grasping an olive branch” logo, created by noted Franco-American industrial designer Raymond Loewy, is prominently displayed along with a small “The” prefacing the brand name.

The Peace goes on sale February 1st at any of 3,500 retail outlets priced at 1,000 yen (about $13), over twice the cost of Peace Infinity, the brand’s former premium iteration.

If that sounds a bit rich, Japan Tobacco likes it that way… according to a company spokesman, “We are responding to the needs of consumers who are not concerned with prices when it comes to high-quality products.” Put THAT in your pipe and smoke it!

 
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Posted by on January 19, 2012 in Tobacco News

 

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The Peace to offer ultimate aroma

Japan Tobacco Inc. will next month launch The Peace, a cigarette that the company is describing as ‘the masterpiece in the history of the Peace brand’.

The Peace brand

The Peace brand of cigarettes

The Peace will sell at ¥1,000 for a pack of 20 against ¥440 for 20 in the case of Peace.

It will be available from early February across Japan but only through a limited number – about 3,500 – of retailers.

Peace, which was launched in 1946 in packs of 10, is said to have become immensely popular with consumers because of its aroma.

And now, The Peace is going to offer the ultimate experience in aroma.

The Peace was developed out of a desire to give consumers a more luxurious and relaxing smoking experience, JT said in a note posted on its website.

It is said to be a product for which nothing was spared to make it the best: ‘from the selection of ingredients to the blending, processing, flavors, and even the packaging’.

The Peace, which uses only flue-cured tobacco, is the first product in Japan to use a process called ‘new trimming’ whereby unpleasant aroma and taste are eliminated by flash heating the fine cut tobacco.

The new product is sold in metallic navy blue flat tins.

 
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Posted by on January 12, 2012 in Tobacco Articles

 

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Collections of Camel Lighters

Every smoker of the cigarettes brand Camel is aware of the Camel lighters collection from Zippo. Over the years there have been various Camel lighters designs meant to advertise the brand of cigarettes. Throughout time some people have shown interest in collecting each of these designs to have the whole collection of Zippo Camel lighters in one place. Today, some of those designs are pretty hard to find. However, having a collection of Camel lighters means a lot to some people, and they are ready to pay for the pleasure of owning it.

Camel Zippo Lighter

Promo replica 1932 Camel Zippo given away to people who smoke ungodly amounts of Camel cigarettes.

Over the years, Zippo has manufactured a lot of Camel lighters i.e. lighter with the Camel logo on them. This trend has been extended from US only to a global scale. As their popularity grew, they started appearing in magazines and catalogues such as “Camel Cash”. Also they have been included in various Camel events such as the “Camel Trophy Competition” among others. Now they can be found in shops all around the world.

The designs for the Camel lighters came from Camel inc. itself. The first time all of these designs appeared in one place was back in the 90s in a catalogue named “The Brian Sipes Camel Guides”. From this point on, there have been a lot of publications based on this one to summarize each of the Camel lighters by their production date.

The enthusiasts for this cigarettes brand have shown quite an interest in using smoking accessories that relate to their favorite brand. The opportunity was first discovered by Zippo, and they started their first campaign in creating the Camel lighters. Later on, this venture turned into a timeless classic, and each of their designs never got old. As their limited edition Camel lighters gain age, their price always goes up. They’ve made most of their success because of the interest in people to collect them. Although it might not be understandable for people who aren’t smokers or just not smoking the Camel cigarettes, this is an everlasting passion that shows how much these collectors are loyal to their favorite brand.

In the lighters market, it’s pretty hard to find something no one else has found before you, because almost everything that was needed from the market was invented long ago. Only the best have succeeded in locating smaller markets which are really passionate about their lighters, and Zippo had quite a success discovering them with the Camel lighters. Because of this success, they’ve put themselves before everyone else for as long as the market survives.

If you are one of those people who are a loyal and passionate Camel smoker, you would understand why collecting the designs released over the years are of such a great significance. After all, these are the people that have encouraged Camel and Zippo to keep coming up with new designs and keep this department alive for so long. Almost all of their past designs can still be found online. If you want your own personal collection of Camel lighters there is still time to make it.

 
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Posted by on January 12, 2012 in Tobacco Articles

 

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Many shisha cafes in Abu Dhabi flouting age limit for smokers

Many shisha cafes in Abu Dhabi flouting age limit for smokers

Abu Dhabi: Although smoking shisha — also known as ‘hubble bubble’, ‘hookah’ or ‘water pipe’ — is illegal for those under 18, the fact remains that the law is flouted with abandon. Health experts and educators are now calling on authorities to strictly enforce no-smoking rules and ban youngsters from smoking shisha openly in cafes and restaurants.

Shisha Smoking

A man smoking shisha at a shisha cafe in Abu Dhabi.

Gulf News toured several shisha and internet cafes in Abu Dhabi to get a clearer picture about the social implications of the shisha craze. All names of young people interviewed herein have been changed for confidentiality.

“I was first with my dad and his wife who smokes shisha frequently. She let me try it in my dad’s presence so that I know how it tastes. She was hoping that this gesture will protect me from the curiosity to explore unsupervised. My friends kept on pressuring me to go out and have shisha with them. I did several times, and still do,” said Hisham, a 13-year-old Egyptian.

Age no bar

“I was never asked about my age at any shisha cafe or internet cafe,” he added.

A.M., 17, an Emirati has been smoking shisha since the age of 15. “I go frequently to internet cafe with my friends to play games. Smoking appears to be allowed to all ages, no one questions us, actually in one of them I was allowed to smoke shisha that I had brought with me,” he said.

“No one questions our age at shisha cafes either; they just care about the profit,” he says.

It was a surprise that all youngsters interviewed were nearly unanimous in their view that the price of shisha was not a problem.

“We always managed to order one or two shishas. My friends and I would contribute to buy them since we all could share smoking them,” said Saif, 14, a Palestinian.

According to a study by Dr. Mahmoud Fikri and Bassam Abi Sa’ab at the Preventive Medicine section in the Ministry of Health, 14.3 per cent of young males and 2.9 per cent of young females are smokers, and constant exposure to tobacco smoke at home and in public, is only expected to add to their numbers. The presence of an environment conducive to smoking, and encouraging young people to start smoking at an early age, remains the most important contributing factor.

Clear limits

UAE Federal Law no 15 (2009) – clause 11 states: “It is prohibited to license cafes or similar places which provide any types of tobacco or its products within residential buildings or housing areas, or near them as per the distance determined in the executive directives of this law. Such directives shall determine, in coordination with the concerned authority, the establishments to which licence might be given to sell tobacco or its products, including their working hours. Cafes or similar places existing at present shall settle their status within two years as of the date of this law by changing the activity or moving to another place.”

Clause 5

The following acts are considered prohibited: Selling or initiating sale of tobacco or tobacco products to persons who don’t exceed 18 years of age. The seller has the right to ask the buyer to furnish evidence that he is of legal age and desist from accepting ignorance of age as a justification.

 
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Posted by on January 10, 2012 in Tobacco News

 

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Tobacco Industry Vet Freudenthal Joins Imperial Tobacco Group

Tobacco Industry Vet Freudenthal Joins Imperial Tobacco Group

Kevin Freudenthal has been named president and CEO for Commonwealth – Altadis Inc. and region director for the Americas at Imperial Tobacco Group (ITG). He succeeds Graham Bolt, who retired from the company at the end of December.

Commonwealth-Altadis logo

Kevin Freudenthal has been named president and CEO for Commonwealth - Altadis Inc.

Freudenthal will take overall responsibility for Commonwealth – Altadis from Eric Workman, senior vice president of marketing, at the end of the month.

Freudenthal has 26 years of industry experience and has made a career out of leadership and innovation in marketing tobacco products, the company said, working with large teams, crafting business strategy and improving profitability.

Before joining ITG, he was vice president for category management for Altria Group, and before that, spent two decades in executive positions at U.S. Smokeless Tobacco Co., where he began his career as a territory representative.

“Kevin is one of the most seasoned and successful tobacco executives, and we look forward to him being onboard starting on January 30. He will lead our efforts to complete the integration for CA as well as our mission for growth in the U.S. market,” said Workman.

Freudenthal has been a member of the Tobacco Outlet Advisory Group, UST Retail Advisory Group, Texas Grocers & Convenience Association, California Grocers Association, National Association of Convenience Stores, and American Wholesales Marketers Association. He has also sponsored the CSP Executive Council and the Network of Executive Women.

Signature brands sold by Fort Lauderdale, Fla.-based Commonwealth – Altadis include USA Gold, Fortuna and Sonoma cigarettes, Phillies, Dutch Masters and Backwoods and White Cat cigars.

United Kingdom-based Imperial Tobacco Group has 51 manufacturing sites, around 38,000 employees and operates in more than 160 markets.

 
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Posted by on January 10, 2012 in Tobacco Articles

 

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Study Finds Tobacco Company Misrepresented Danger from Cigarettes

Study Finds Tobacco Company Misrepresented Danger from Cigarettes

Analyzing tobacco industry documents, researchers at the University of California, San Francisco (UCSF) found that Philip Morris USA, the nation’s largest tobacco company, manipulated data on the effects of additives in cigarettes, including menthol, obscuring actual toxicity levels and increasing the risk of heart disease, cancer, and other diseases for smokers.

Burning Cigarette

A cigarette on the stone

The researchers concluded that tobacco industry information cannot be taken at face value. In addition, their work provides evidence that hundreds of additives, including menthol, should be eliminated from cigarettes on public health grounds.

Their findings appear in PLoS Medicine.

For the study, the researchers reassessed data from Philip Morris’ “Project MIX,” which detailed chemical analyses of smoke and animal toxicity studies of 333 cigarette additives. Philip Morris published its findings in a 2002 edition of Food and Chemical Toxicology, a journal whose editor and many members of its editorial board had financial ties to the tobacco industry, according to the UCSF researchers.

By investigating the origins and design of Project MIX, the UCSF researchers conducted their own inquiry into the Philip Morris results. They stressed that many of the toxins in cigarette smoke substantially increased after additives were added to cigarettes. They also found, after obtaining evidence that additives increased toxicity, that tobacco scientists adjusted the protocol for presenting their results in a way that obscured these increases.

“We discovered these post-hoc changes in analytical protocols after the industry scientists found that the additives increased cigarette toxicity by increasing the number of fine particles in the cigarette smoke that cause heart and other diseases,” said Stanton A. Glantz, PhD, UCSF professor of medicine and director of the Center for Tobacco Control Research and Education at UCSF.

“When we conducted our own analysis by studying additives per cigarette—following Philip Morris’ original protocol—we found that 15 carcinogenic chemicals increased by 20% or more,” added Stanton.

Additionally, in the independent study, the researchers discovered the reason behind Philip Morris’ failure to identify many toxic effects in animal studies: Its studies were too small.

The UCSF researchers used documents made public as a result of litigation against the tobacco industry.

 
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Posted by on January 10, 2012 in Tobacco Facts

 

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