After having invested  22 million euro’s in the manufacturing facilities for less toxic ‘vapor cigarettes’ (GLO) in Ploiesti (Romania) in the year 2017, and after a successfull introduction on the Romanian market with sales to 25000 customers in 6 months, the company upgrades investments and will invest 800 million euros in the next five years at Ploiesti. A new manufacturing hall from 7000 m2 will be constructed.

In 2017, less toxic e-cigarettes accounted for 500 million pound of sales (including Reynolds American in the USA); this should grow to 5 billion pounds in year 2020.

Turn-over of BAT in year 2017: 20 billion pound (pound/euro : 1.12).

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Source: bat.com      June 11th 2018

Author: Joanne Walia

Language: english

Google search terms: BAT, GLO