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Economy
08/02/2010
BAT Uzbekistan increases cigarette output by 21.9% in 2009
BAT Uzbekistan increases cigarette output by 21.9% in 2009
Tashkent, Uzbekistan (UzDaily.com) --
British American Tobacco Uzbekistan (BAT Uzbekistan) increased cigarette production by 21.9% year-on-year to 12.747 billion in 2009.
The venture’s exports rose by 21.6% year-on-year to 723 million cigarettes. Sales of cigarettes in internal market grew by 22.3% year-on-year to 11.896 billion.
British American Tobacco acquired 51% shares at Uztabak in 1994 and created UzBAT A.O JV (now BAT Uzbekistan). The charter capital of the venture is US$247.4 million. BAT holds 97.35% shares in the venture, State Propert Committee of Uzbekistan - 2.25% and labour - 0.4%.
Total investment programme of BAT Uzbekistan made up US$292 million, of which US$100 million is the cost of cigarette plant in Samarkand, which was built in 1997. The capacity of the plant is 12 billion cigarettes a year.
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