tocacco plant Native American Tobaccoo flower, leaves, and buds

tocacco 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.

tocacco nicotina Nicotiana tabacum

tocacco 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%

tocacco cigar 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.

tocacco 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 smoking, snuffing, chewing, dipping tobacco, or snus.


Philippine Tobacco Flue

Philippine Tobacco Flue-Curing and Redrying Corp. (PTFCRC) in increasing its loan to subsidiary Baesa Redevelopment Corp. (BRC) for the development of its warehouses in Quezon City into a commercial center.

In a filing to the stock exchange, PTFCRC inked a supplemental loan agreement with BRC to increase its loan from P40 million to P75 million.

“It was determined by [BRC] that the aforementioned amount is not sufficient to cover the costs for the redevelopment of [the] warehouse properties,” said the company in a statement.

Also included in the agreement is an option for PTFCRC to increase the amount beyond P75 million should the subsidiary deem the funding insufficient. Interest on the loan, originally pegged at 8 percent per annum, was reduced to 6 percent.

PTFCRC owns the property which currently houses five warehouses BRC and is covered by a lease contract. In its most recent filing, the parent firm said renovation for Warehouse 1 is ongoing and is estimated to cost P116 million. Negotiations for potential clients are “underway,” said the company.

Last year, PTFCRC said a primary client for the redevelopment, located in along Quirino Highway in Baesa, Quezon City, will be a Robinsons Supermarket.

PTFCRC said the planned commercial project is expected to serve nearby areas of Caloocan, the northern part of Quezon City, and even up to Valenzuela.

Up to May 31, PTFCRC reported a 16.9-percent increase in net income to P6.96 million. Revenues rose 2.4 percent to P51.27 million, the bulk of which were generated from rental income from the warehouses.

PTFCRC was incorporated in March 1951. In 1994, it consolidated its tobacco operations in Candon, Ilocos Sur. The company’s tobacco operations had been incurring losses primarily due to declining export and domestic prices, both in terms of volume and price.

Since there were no prospects of a turnaround in the near future, the company decided to phase out the tobacco business in 2002. The facilities are currently offered short-term lease agreements and tolling deals.
© Copyright: Businessmirror

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