Categories
· Business (Tobacco)
non-USA, by Country
· Jordan
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Jump to full article: MENAFN.com, 2005-12-05
Intro: This weeks marks the International Tobacco and Cigarettes Company's (ITC) 11th anniversary following another successful year of steady growth, landmark achievements, and strategic alliances, validating its innovative business approaches and tactics on a local, regional and global scale.
This last decade, ITC has focused all its efforts on maintaining supreme production quality adhered to global standards; which has been achieved through the company's constant upgrade of facilities, machinery, and production lines leading to a strategic affiliation with the world's giant tobacco company, Philip Morris. With this came ITC's domination of the local market with over 50% share and its solid success of penetrating various new markets from the GCC, Levant, Africa, Egypt, through to Iran and Iraq. ITC is also a major player in the Kingdom's economy by generating USD 160 million worth of exports and paying approximately half a billion US Dollars in taxes and fares to the government since its establishment.
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