Large Tobacco Company Sets New Target of Development

Source from:  TobaccoChina Online 05/20/2009

Longyan Tobacco Industrial Company Ltd. - a large tobacco company based in southeast China's Fujian Province - has recently set the target of turning itself into a national-level tobacco manufacturing giant capable of generating over 10 billion yuan (1.43 billion U.S. dollars) in both annual cigarette output and annual taxes and profits. In striving to meet this target, Longyan Tobacco Industrial Company Ltd. is stepping up efforts to implement the project of technical transformation of its luxurious Seven Wolves brand cigarette production line and the project of expansion and technical transformation of the leaf tobacco threshing and redrying line at its Golden Leaf Redrying Co., Ltd. Longyan Tobacco Industrial Company Ltd. hopes that through such efforts, it will succeed in turning itself into a national-level luxurious cigarette manufacturing base and building a first-rate leaf tobacco threshing and redrying line in China. On May 15, the municipal government of Longyan City held a symposium on the subject of how to develop in the city six manufacturing sectors of the tobacco industry each capable of generating over 10 billion yuan (1.43 billion U.S. dollars) in both annual cigarette output and annual taxes and profits. Enditem