Hot news:
Central Bank to raise requirements to banks tenfold by 2020 Honda's new ASIMO robot, more human-like than ever No job without medical examination in Kazakhstan Philippine leader apologises over 'world's worst airport' 'Shouldn't we move?' Ferry evacuation under scrutiny Eight drown as immigrant boat sinks off Turkey Ford Mustang turns 50 atop Empire State Building Liberia's first post-war president dies More dead pigs found in China river Goat to be cloned to treat rare genetic disorder Dead star's brothers to finish 'Fast and Furious 7' Australian state premier quits over wine 'memory fail' London opens 'most beautiful' show of Matisse cut-outs Kazakhstan to cooperate with Bahrain in aluminum production Boston Prisoner's Kazakhstani father denied visa Gambia bans flights from Ebola-hit nations Thousands of workers strike at China shoe factory $1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Photo of Kazakhstanis passed off as Russian victims in Ukraine Ukrainians use pic of Kazakh girl in rallies in London WWII veteran brings wallet made of human skin to Aktau museum President Nursultan Nazarbayev on the country’s financial industry Two municipal bus depots to open in Astana Morocco jails British paedophile for 20 years: NGO Tibetan man in China sets self on fire: reports Phoenix TV journalists file harassment lawsuit in New York Miley Cyrus hospitalized, cancels US concert Islamists abduct more than 100 girls from Nigeria school Five students stabbed to death at Canada house party S. Korea rescue for sinking ferry with 450 passengers Only 1 in 7 Japanese scientists are women: study Lock of Napoleon's hair stolen in Australia LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec Garcia Marquez in 'very fragile' condition: family Ukraine and Kazakhstan agree to resume economic cooperation Kazakhstan and Great Britain sign documents on cargo transit from Afghanistan China bank loans surge in March: central bank Michael Jackson's mom to pay promoter $800,000 Four days of brigade combat exercises start in Kazakhstan Be part of Almaty Zoo: take care of one animal Kazakhstan and Bahrain to promote Islamic banking in Kazakhstan Samruk-Kazyna Head on forthcoming IPOs and privatization plans Lady Gaga, Psy to perform at S. Korea festival Mortar fire on Damascus kills child, hurts 40: state news Obama urges Putin to rein in Ukraine insurgents Japan culls 112,000 chickens after bird flu outbreak Online-addicted Korean man arrested over son's death Justin Bieber hearing set for May in Canada Boston remembers marathon bombing victims, one year on Americas to get glimpse of total lunar eclipse Bomb attack kills 71 at bus station near Nigeria capital $1.3 billion to finance Toxic Assets Fund of Kazakhstan N. Korea marks Kim Il-Sung birthday with loyalty pledge Fish losing survival instinct in acidic oceans: study Kazakhstan bank assets to reach 80% of GDP by 2020 S. Korea state insurer sues three tobacco makers Citigroup cuts 200-300 jobs Tennis: Kazakhstani Zarina Diyas gets in WTA Top-100 Facebook wants to beam the Internet from the sky Sony's PlayStation 4 sales top seven million Paleontologists discover land herbivores' earliest ancestor Japan virtual star Hatsune to join Lady Gaga tour Russian FSB demanded Ukraine protest group details: VKontakte founder Brazil names 46 suspects in money-laundering, drug probe William and Kate tour town ravaged by bushfires

Second biggest cigarette producer in Kazakhstan closing down one of its two production facilities

Monday, 19.03.2012, 14:56
Comments (0)
Second biggest cigarette producer in Kazakhstan closing down one of its two production facilities
Tobacco factory. ©AFP
JTI Kazakhstan, second biggest cigarette producer in Kazakhstan, will close down its production facility based in the southern city of Shymkent May 31, 2012, with 80 people losing their jobs, Newskaz.ru reports, citing the Press Service of the Shymkent Mayor Office.

“March 16 the city authorities and representatives of JTI Kazakhstan signed a memorandum on joint actions with regards to the planned closure of the cigarette making facility”, the press release reads.

According to the Press Service, in the recent years the facility has seen a steady decline in its production output due to “falling consumer demand, growing prices for raw materials and growing production costs”. JTI Kazakhstan has decided to consolidate its production in Almaty, the biggest city of Kazakhstan.

The Company will compensate the employees for losing their jobs and will offer professional retraining opportunities.

The tobacco facility in Shymkent was launched in 1995.

Profinance.kz reported in May 2011 that the national tobacco market annual turnover is estimated at $260 million, with the tobacco production declining by 2-3% a year, making up 28 billion cigarettes.

According to Profinance.kz, as of May 2011 Philip Morris Kazakhstan accounted for 45% of the national market, with JTI Kazakhstan (subsidiary of Japan Tobacco International) holding another 42% and British American Tobacco the remaining 9%.
Views: 949    Comments: 0
preloader
Add a comment
preloader

2014
2008
2009
2010
2011
2012
2013
2014
April
January
February
March
April
May
June
July
August
September
October
November
December

News
Archive

Mo Tu We Th Fr Sa Su
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30

Feature stories