IQOS Latest News, Heating Non Combustion Latest News
Matt Holman, director of the Office of Science at the U.S. Food and Drug Administration’s Center for Tobacco Products (CTP), will step down immediately to join Philip Morris International. The news was first reported in a tweet by Politico reporter Kather
British American Tobacco (BAT) has launched its latest heated tobacco product, the Glo Hyper X2, in Tokyo, Japan. Glo is BAT’s fast-growing global heated tobacco brand, and the new device features an all-new barrel-shaped design. Building on the breakthro
Philip Morris International reported second-quarter 2022 net revenue of $7.83 billion, up 3.1% from the comparable 2021 period. Operating income was $3.06 billion, compared with $3.13 billion a year earlier. Heated tobacco products accounted for 29.9% of
Romania’s government will raise excise taxes on tobacco and alcohol from August 1 in an effort to increase public revenue, according to reports. The measure will be followed by a 10% tax on sugary drinks starting January 1, 2023. Excise rates on tobacco a
The Financial Express, citing a report by ratings agency Crisil, said cigarette sales in India are expected to reach 93 billion sticks this year due to a stable tax regime and increased mobility as pandemic restrictions ease. Covid-19 lockdowns caused cig
Talking Retail, citing a recent KPMG study commissioned by Philip Morris International, reported that illegal tobacco consumption in the UK rose by more than one-third in 2021. As a result, the number of counterfeit cigarettes purchased in Britain exceede
On June 29, the European Commission proposed banning flavored heated tobacco products. The move is part of Europe’s Beating Cancer Plan, which aims to reduce tobacco use to less than 5 percent of the EU population by 2040. EU Health Commissioner Stella Ky
Pursuant to a definitive agreement dated May 13, 2022, Poda Holdings has completed the sale of nearly all assets and properties used in its business to Altria Client Services for a total purchase price of $100 million, subject to certain adjustments and h
The Wall Street Journal reported that PMI’s exit from Russia has been quite complicated. Following Russia’s special military operation in Ukraine in March, the company has had to navigate constantly changing regulations while also trying to avoid risks th
According to Interfax, the European Union has imposed sanctions on Belarusian tobacco manufacturers Neman Grodno Tobacco Factory and Inter Tobako. The measures were announced in the EU Official Journal as part of a broader package aimed at punishing the w
Kazinform, citing Minister of National Economy Alibek Kuantyrov, reported that Kazakhstan will raise excise taxes on cigarettes and heated tobacco products next year. Speaking at a meeting of the Majilis, the lower house of parliament, Kuantyrov said ciga
Citing a Hong Kong Census and Statistics Department survey, Hong Kong’s smoking rate fell to 9.5% in 2021, reaching single digits for the first time. In 2019, 10.2% of Hong Kong residents smoked. The survey showed that about 581,500 people aged 15 and abo