Petaling Jaya, 7 September 2014 – British American Tobacco Malaysia (BAT Malaysia) has announced an increase on the prices of all its cigarette brands as of 8 September 2014.
“The operating environment is very challenging with costs to produce and distribute each stick of cigarette escalating due to mounting inflationary cost pressure. This is amplified by progressive loss of legal domestic volumes over the years to illegal trade, decline in contract manufacturing volumes, and an overall very competitive trade and distribution channels. We have worked hard to mitigate these challenges by introducing all cost effective measures available, whilst at all times maintaining the quality of our products. However, these measures cannot fully offset our increase in operating costs and deliver against shareholders expectations,” said Stefano Clini, Managing Director, BAT Malaysia.
The new cigarette prices, effective Monday, 8 September 2014, are as follows:
About British American Tobacco (Malaysia) Berhad
British American Tobacco (Malaysia) Berhad (British American Tobacco Malaysia) emerged on 3rd November 1999
from the merger of Rothmans of Pall Mall (Malaysia) Berhad and Malaysian Tobacco Company Berhad. These two
long established tobacco companies brought with the merger, experience and an unrivalled portfolio of highly
successful international brands to create the largest tobacco company in the country.
British American Tobacco Malaysia manufactures and markets high quality tobacco products designed to meet diverse consumer preferences. Its brand portfolio includes well-established international names like DUNHILL, KENT, PALL MALL and PETER STUYVESANT. British American Tobacco Malaysia has about 1,000 employees who are involved in the full spectrum of the tobacco industry, from processing to manufacturing, and marketing to distribution.
British American Tobacco Malaysia is part of the British American Tobacco group, which is the world’s most international tobacco group and the second largest stock market listed tobacco group by global market share.
For more information, please contact British American Tobacco Malaysia:
Fairuz Helmi, Head of Corporate and Regulatory Affairs at 03-7491 7268 or Fairuz_Helmi@bat.com
Chin Tuck Weng, Senior Corporate Affairs Manager at 03-7491 7318 or Chin_Tuck_Weng@bat.com