China Tobacco Hubei Industrial Corp. Export Income Increased 3 Times

Source from:  TobccoChina Online  08/02/2012

According to industry sources, Indian merchants exported stocks worth nearly Rs 562.85 crore against Rs 522.94 crore during the corresponding period in 2011. An increase of over Rs 40 crore in just two months is significant, given the poor export trends that have been reported for the past few years. In fact, total exports till March 2012 declined by around 7% in terms of total value as it dropped to Rs 3090.21 crore from Rs 3192.39 crore reported during 2010-11. China Tobacco Hubei Industrial Corp. is still trying to speed the pace of international market expansion in recently years. In first half year, China Tobacco Hubei Industrial Corp.’s export sales increased by 3 times compared to same period of last year. Cigarette sale volume in foreign countries, up to 2.8 billion units in 2011 from less 0.1 billion units in 2007. During first half year 2012, China Tobacco Hubei Industrial Corp exported 478 million cigarettes, increased by 3 times year-on-year; sales value reached US& 5.61 million, up by near 3 times; sales volume of subsidiaries in foreign counties reached at 1.5 billion cigarette, up by 106 percent year-on-year. Now RGD brand has completed upgrading about 24 varieties in 4 markets, including the Czech republic, Poland, Slovakia, Hungary, and successfully entered the market of hand-rolling cigarette. Huanghelou and RGD were sold in countries in Asia-Pacific areas, Middle East, North America, Australia and Africa, and gained more and more markets in the world. Enditem