Japan Tobacco International
|Key people||Thomas McCoy President and CEO Mutsuo Iwai Executive VP and Deputy CEO|
|Products||Cigarettes, roll-your-own tobacco, snus, pipe tobacco, cigars|
JTI - Japan Tobacco International is the international tobacco division of Japan Tobacco, a leading international tobacco product manufacturer. The company is headquartered in Geneva and sells its brands in 120 countries.
Thomas McCoy is the President and CEO and Mutsuo Iwai is the Executive Vice President and Deputy CEO.
JTI was formed in 1999 when Japan Tobacco Inc. purchased, for USD 7.8 billion, the international tobacco operations of the US multinational R.J. Reynolds.
In 2007, Gallaher Group, a FTSE 100 business, was acquired by Japan Tobacco Inc. for GBP 9.4 billion. At the time, this was the largest foreign acquisition by a Japanese company.
In 2009, the JT Group acquired part of the worldwide business of Tribac Leaf Limited (a company that trades tobacco in Africa), as well as two Brazilian companies active in the tobacco business, Kannenberg and KBH&C. In the same year, the JT Group also set up JTI Leaf Services, a joint venture with two leaf suppliers in the US – Hail & Cotton Inc. and JEB International.
Canadian class action lawsuit
The three largest Canadian tobacco companies, Imperial Tobacco Canada, JTI-Macdonald Corp and Rothmans Benson & Hedges, are the subject of the largest class action lawsuit in Canadian history. The case started on March 12, 2012 in Quebec Superior Court, and the companies face a potential payout of C$27 billion (US $27.30 billion) in damages and penalties. In addition, a number of Canadian provinces are teaming up to sue tobacco companies to recover healthcare costs caused by smoking.
- Winston (the No. 2 brand worldwide)
- Mild Seven (top-selling charcoal filter cigarette)
- Camel (the original blend cigarette, dating back to 1913)
- Benson & Hedges (leading Virginia brand)
- Silk Cut (leading Virginia brand)
- Glamour (leading Super Slims brand)
- Sobranie (one of the oldest cigarette brands in the world)
- LD (international value brand)
Other tobacco products
- Hamlet (cigar and cigarillo)
- Old Holborn (hand-rolling tobacco)
- Amber Leaf (hand-rolling tobacco)
- Gustavus Snus (a Swedish style smokeless tobacco)
JTI also has a portfolio of cigarette brands that the company markets regionally.
||This article uses bare URLs for citations, which may be threatened by link rot. (June 2014)|
- Japan Tobacco International Leadership Retrieved on September 26, 2012
- Reuters C$27 billion suit vs Big Tobacco starts in March 13, 2012 Retrieved on September 27, 2012