Manufacturer Eastern Tobacco Company
Eastern Tobacco Company
The Company’s principal activity is the manufacture and distribution of cigarettes, cigars, molassed, flavoured tobacco for pipe and water pipe and filters and other associated products for domestic markets and export. The Company also exports various products: fertilizers, tyres. The company was established in July 1920.
- The manufacturing and trade of tobacco, its products and requirement.
- Practice of any investment, financial, commercial, industrial, agriculture or service activities.
- Ownership and building of real estates Purchasing and division of lands for investments, renting, selling.
- Importation, exportation and commercial agencies.
- Establishment or partnership, or purchasing companies or share-holding of such companies in Egypt or abroad and in whatever industry, or it may participate or develop any of the objects of such companies provided that HC approves business.
Eastern Company Is Keen On Formulating Export Policies To Promote Exports Through Adopting Several Measures By Improving Export Products, And Open New Markets Allover The World By Offer Agencies And Distributors Not Only For Tobacco Products But Also Extended To Importation, Exportation And Commercial Agencies For Egyptian products
Key developments for EASTERN TOBACCO (EAST)
Eastern Company SAE has renewed its agreement with British American Tobacco (BAT) for a further five years, covering the local production of Viceroy cigarettes. The cigarettes will be produced in Eastern’s plants, while the local arm of BAT will be in charge of marketing and distribution.
Building on the original five-year agreement signed in 2004, British American Tobacco Egypt (BAT) and Eastern Company SAE have renewed their cooperation agreement for a period of five years, beginning February 19, 2009 and ending February 18, 2014. This agreement allows for the joint production of Viceroy brand cigarettes, with Eastern Company responsible for the production of the cigarettes while British American Tobacco Egypt assumes responsibility for the marketing and sale of the cigarettes.
Eastern Company SAE announced that it would pay a cash dividend of EGP 14 ($2.51) per share to shareholders as of November 10, 2008. It would pay the dividend on November 13, 2008.
Company Profile
Eastern Tobacco Co
Ticker: EAST
Exchanges: OTH
Major Industry: TOBACCO
Sub Industry: CIGARETTE MANUFACTURERS
Country: EGYPT
Employees: 12603
Native American Tobaccoo flower, leaves, and buds
Tobacco is an annual or bi-annual growing 1-3 meters tall with large sticky leaves that contain nicotine. Native to the Americas, tobacco has a long history of use as a shamanic inebriant and stimulant. It is extremely popular and well-known for its addictive potential.
Nicotiana tabacum
Nicotiana rustica leaves.
Nicotiana rustica leaves have a nicotine content as high as 9%, whereas Nicotiana tabacum (common tobacco) leaves contain about 1 to 3%
A cigar is a tightly rolled bundle of dried and fermented tobacco which is ignited so that its smoke may be drawn into the mouth. Cigar tobacco is grown in significant quantities in Brazil, Cameroon, Cuba, Dominican Republic, Honduras, Indonesia, Mexico, Nicaragua, Sumatra, Philippines, and the Eastern United States.
Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. It can be consumed, used as an organic pesticide, and in the form of nicotine tartrate it is used in some medicines. In consumption it may be in the form of cigarettes smoking, snuffing, chewing, dipping tobacco, or snus.
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