China: Chuanyu TIC., Altadis USA Hold Annual Meeting on Technological Cooperation

Chuanyu TIC. - the operator of the tobacco industry in southwest China's Sichuan Province and neighboring Chongqing City - and Altadis USA successfully held an annual meeting on their technological cooperation in Sichuan's provincial capital city of Chengdu on December 13, 2011.

The year 2011 is the first annual period for full-scale launch of technological cooperation in products and raw materials between Chuanyu TIC. and Altadis USA. In the year, the two sides successfully promoted their technological cooperation in all aspects in accordance with the agreement on cooperation in products transformation and the agreement on cooperation in raw materials technology that they signed in the beginning of the year. At the meeting, the two sides briefly recalled and summed up the work of technological cooperation that they had conducted since the beginning of the year, and also made arrangements for improving technological processes, cooperation in products transformation, construction of exclusive raw materials production and supply bases, training of professionals, etc for the year 2012. In accordance with the agreement on cooperation in products transformation, the two sides also held talks on specific contents of the agreement on licensed use of trademarks of Altadis USA. Crafting cigars since 1918, Altadis USA is responsible for many of the world's most renowned brands including Montecristo, Romeo y Julieta and H. Upmann. Enditem