Serbian arm of Japan Tobacco International commissions new tobacco processing facility in Senta; new line will increase capacity by 30%
Nevin Barich
BELGRADE, Serbia
,
October 31, 2013
(SeeNews)
–
The Serbian arm of Japan Tobacco International (JTI) said it has commissioned a new tobacco processing facility at its site in the northern town of Senta.
The new line will increase tobacco processing capacity by 30% and create an additional 40 seasonal jobs, JTI’s global leaf services vice president CFO Peter Kilburg said in a statement on Wednesday after attending the opening ceremony.
The launch of the new facility is part of JTI's $6.0 million (4.4 million euro) investment programme in Serbia in 2013.
Since the acquisition of Tobacco Industry Senta in 2006, JTI has invested over $140 million, modernized utilities, started cigarette production and exported cigarettes and tobacco worth $95 million. JTI exports cigarettes from Serbia to Montenegro, Bosnia and Herzegovina, Macedonia, Croatia and Albania, and exports tobacco to the EU.
($=0.7294 euro)
Source:
(c) 2013 SeeNews. All Rights Reserved. Published by AII data Processing Ltd
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.