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Headlines Tagged with Universal Corp 304 headlines found

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[USA] Universal Corporation Announces Agreement with Philip Morris International Inc. to Supply U.S. Tobaccos

will increase its direct purchases of flue-cured and burley tobaccos, expanding its support of United States tobacco growers, as part of a new leaf supply agreement with Philip Morris International Inc. ("PMI"). PMI's decision to adopt a new leaf buying m
PR Newswire
added Nov 8, 2014 14:39
58 Views

Philip Morris International: New US tobacco deal

Philip Morris International Inc. announced Wednesday that it is partnering with two U.S. tobacco leaf suppliers to buy its tobacco rather than working directly with farmers.
AP - Associated Press
added Nov 6, 2014 10:38
58 Views

[Mozambique] Universal Corporation Announces Expansion in Africa

announced today that the Company has approved several new capital projects in Africa which will increase and enhance the Company's infrastructure in that region. Universal currently operates in six African nations. The largest of the new projects is in Mo
PR Newswire
added Nov 5, 2013 06:28
42 Views

US: Tobacco Giant's Move Could Reduce Child Labor

will begin buying US-grown tobacco exclusively through third-party leaf supply companies, rather than directly from tobacco farmers. This change will require the world’s largest tobacco leaf suppliers – Alliance One International and Universal Corporation
Human Rights Watch
added Nov 5, 2014 11:26
33 Views

[North Carolina] Farmer suing tobacco company

W. Frank Lee is suing Universal Corp. and subsidiary Universal Leaf North America U.S. Inc.... claims the Richmond, Va.-based company stole and used his ideas, confidential information and trade secrets for processing sweet potatoes for sale.
Asheboro (NC) Courier-Tribune
added Apr 4, 2016 23:19
33 Views

[Africa, Virginia] Tobacco giant makes a global push

One of Richmond’s biggest tobacco companies is making a major overseas investment. Universal Corp., a leaf tobacco supplier and processor headquartered on the Southside, said it plans to spend between $40 million and $45 million to expand its operations
Richmond (VA) BizSense
added Nov 5, 2013 18:36
30 Views

Universal Corporation Announces 44th Annual Increase in Dividends

Mr. Freeman noted, "This is our 44th consecutive annual dividend increase. We are pleased to continue our strong record of providing value to our shareholders through the return of our earnings and cash flow while carefully managing our balance sheet."
PR Newswire
added Nov 8, 2014 14:36
28 Views

Universal Corporation Reports Six-Month Results

Mr. Freeman stated, "Our results continue to be impacted by an oversupply in tobacco leaf markets and the effects of softer demand from our customers. As is typical under these conditions, markets have developed slowly in some origins, with a later start
PR Newswire
added Nov 8, 2014 14:36
26 Views

Overseas Marlboro maker Philip Morris to buy US tobacco from 3rd party, not farmers

The move will also require the leaf suppliers to adhere to Philip Morris International's policies that prohibit workers under 18 from some of the most hazardous tasks, including harvesting tobacco. The company does allow children to work with seedlings o
AP - Associated Press
added Nov 6, 2014 17:35
25 Views

Universal Corporation Will Get Into Electronic Cigarette Market

On Tuesday, the Richmond, Va.-based Universal said that its subsidiary Virginia Tobacco Co. Inc. is forming a joint venture with Avoca Inc. to produce and sell the liquid nicotine used in electronic cigarettes, or e-cigarettes. Additionally, Universal ye
SBWire
added Aug 14, 2013 02:43
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