Categories
· Business (Tobacco)
non-USA, by Country
· Thailand
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Jump to full article: Technology Marketing Corporation, 2008-03-17
Intro: Profits for the state-owned Thailand Tobacco Monopoly are expected to fall more than half to just two billion baht per year within five years due to competition from foreign producers and declines in cigarette smoking.
The TTM, which posted 2007 net profits of 4.5 billion baht, produces the market-leading Krong Thip brand, and enjoys significant tax advantages over foreign imports. Sales last year totalled 30.9 billion cigarettes. . . .
One of the most popular foreign brands, Philip Morris's Marlboro, is produced in the Philippines and enjoys preferential import tariffs under the Afta programme.
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