Categories · Business (Tobacco)
· Smokeless
Organizations · Swedish Match
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Jump to full article: Richmond (VA) Times-Dispatch, 2008-03-19 Author: John Reid Blackwell
Intro: With U.S. cigarette smoking waning, competition in smokeless tobacco is smokin.'
The latest example comes from Chesterfield County-based Swedish Match North America, which has introduced its Red Man moist snuff nationally.
The roll-out follows a seven-month test in 11 states, including Virginia. Consumer acceptance was "overwhelming," said Elliot Eliades, the company's chief of new product development.
Cigarette consumption is declining at 1 percent to 3 percent a year, but moist snuff sales have risen about 7 percent to 11 percent each of the past two years.
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