Global e-cigarette industry news in August

ELFBAR released a new one-off in the UK!

According to news on August 6, ELFBAR recently launched a new disposable electronic cigarette product ELFBAR 600V2 in London, which is a new upgraded version of ELFBAR600.

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The integration of QUAQ Mesh and QUAQ Cell technologies not only brings users an upgrade in product experience, but also facilitates technological exploration and an important step in the sustainable development of products. ELFBAR 600V2 adopts pre-automated module and non-welded structure design, which makes the dismantling and recycling process of the whole product more convenient and feasible, and minimizes the generation of waste and the impact on the environment. The battery of ELFBAR 600V2 can be directly disassembled on the recycling side for reuse, effectively alleviating the environmental pollution caused by waste lithium batteries. In June this year, ELFBAR released GreenPowercycle, an environmental protection recycling plan in the UK, dedicated to the “true recycling” of disposable electronic cigarettes

The export volume of China’s e-cigarettes in half a year is 5.482 billion US dollars!

News on August 6, according to recent customs data, China’s e-cigarette exports from January to June 2023 were 5.482 billion US dollars (equivalent to more than 30 billion yuan), a year-on-year increase of 29.2%, equivalent to 55.45% of the annual export value in 2022. %. The total export volume of e-cigarettes from January to June 2023 is about 104,000 tons, a year-on-year increase of 54.3%, equivalent to 63.7% of the annual export volume in 2022.

Among them, April is the month with the highest export value of e-cigarettes, which is about 1.034 billion US dollars; the month with the highest export volume is about 20,100 tons. However, most of this data should be limited to certain categories and compliant export data, which deserves attention.

E-cigarette giant Philip Morris International launched a refill in Italy

According to the news on August 6, the e-cigarette giant Philip Morris International recently launched a reloading device in Italy. What is this signal?

Each Elf Bar 600 V2 disposable kit can provide up to approximately 600 puffs. Puff counts are approximate and dependent on the length of draws on each use.

It is reported that the new pod has been optimized in terms of battery life, and the capacity of the e-liquid has been increased, so that the capacity of a single pod can reach 2ml. At the same time, the heating power of a single pod has also been improved, which can reach 1000 times of use. According to published data, Philip Morris International will spend more than 99% of its investment on the research and development of non-combustible products in 2022. In the past 15 years, Philip Morris International has invested more than US$10 billion in the production and marketing of smoke-free products, and has continued to innovate. At present, more than 900 R&D personnel from 40 different countries and experts in about 30 scientific and engineering disciplines are working on the research and development of new products, and the R&D expenses are equivalent to about 35.4% of PMI’s net income in the second quarter of 2023.

BAT and JTI vigorously market nicotine pouches in UK

According to reports on August 6, British American Tobacco (BAT) and Japan Tobacco (JTI) are vigorously promoting nicotine pouches in the UK.

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According to reports, British American Tobacco (BAT) is frequently cooperating with young Internet celebrities on Instagram in the UK to promote its nicotine pouch brand Velo; Japan Tobacco (JTI) has also cooperated with 12 music festivals in the UK to vigorously promote its nicotine pouch brand Nordic Spirit . The data shows that the market share of nicotine pouches is growing. The UK nicotine pouch market has totaled £45.8m, up from just £3m in 2020, according to Japan Tobacco.

Philip Morris International evaded nearly 100 billion won in taxes in South Korea?

According to news on August 6, the South Korean Supreme Court recently ruled that Philip Morris Korea (PMI Korea) evaded nearly 100 billion won in taxes by simulating wholesale sales of stored cigarettes before the cigarette tax increase in 2015.

Anticipating this growth, Philip Morris Korea set up temporary warehouses between September and December 2014 and manipulated its computer systems to accumulate around 191 million packs of cigarettes, making it appear as if they were sold to wholesalers by the end of 2014. to avoid subsequent price increases.

Japan Tobacco’s revenue in the first half of the year was 9.79 billion US dollars

Japan Tobacco's revenue
According to news on August 6, Japan Tobacco (JTI) recently released its performance report for the second quarter and the first half of 2023.

The report shows that Japan Tobacco’s operating income in the first half of 2023 will be 1.3928 trillion yen (approximately US$9.792 billion), a year-on-year increase of 9.9%; operating profit will be 413.6 billion yen (approximately US$2.908 billion), an increase of 8% year-on-year ; Net profit was 287 billion yen (about 2.017 billion U.S. dollars), an increase of 8.7% year-on-year. Japan Tobacco’s operating income in the second quarter of 2023 was 727.5 billion yen (approximately US$5.15 billion), a year-on-year increase of 6.2%; operating profit was 207.2 billion yen (approximately US$1.457 billion), an increase of 1.2%; net profit was 142.3 billion yen (1 billion U.S. dollars), an increase of 1.7% over the same period last year. Japan Tobacco also raised its revenue forecast for 2023 in the report. The revenue forecast was raised from 2.629 trillion yen to 2.759 trillion yen (about 19.397 billion U.S. dollars), and the profit forecast was raised from 440 billion to 457 billion yen ( about $3.22 billion).

Kazakhstan will completely ban electronic cigarettes!

According to news on August 6, the Kazakh government recently decided to completely ban electronic cigarettes and e-liquid products. Recently, the government of Kazakhstan has decided to completely ban electronic cigarettes, their liquids and flavorings. It was announced on the Republican website on July 29.

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The Republican Party of the country stated in a statement that for the health of young people and children, members of the interdepartmental committee voted in favor of a comprehensive ban on the sale, import, export and production of e-cigarettes. According to the Ministry of Finance of Kazakhstan, the sales of e-cigarettes in the country have increased by 300 times in the past two years. In the past few years, the consumption of e-cigarettes by children and teenagers has increased significantly. In two and a half years, Kazakhstan imported about 3 million e-cigarettes.

Russia no longer needs a visa to go to abroad?

August 6 news, no longer have to worry about signing a Russian visa will affect the visas of other countries. It is reported that Russia will launch a system of issuing unified electronic visas to foreign citizens, which will be valid throughout the entire territory of the Russian Federation. Information from the Ministry of Foreign Affairs of the Russian Federation shows that the list of foreign countries that issue such visas to their citizens currently includes 52 countries (including China). In addition, Vietnam, Cambodia and Myanmar are also planned to be added to the list.

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US e-cigarette manufacturer 1 billion financing?

According to news on August 6, people familiar with the matter revealed that JUUL, an American e-cigarette manufacturer, is seeking about US$1 billion in financing. It is reported that JUUL’s revenue in 2022 will be approximately US$800 million. It is reported that it is cooperating with Jefferies.

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And JUUL said in July last year that they were in the early stages of exploring options, including financing alternatives, aimed at protecting their business and helping refinance existing loans as they face lawsuits related to e-cigarette marketing. challenge. Last November, JUUL managed to secure funding from some early investors to keep the business afloat while cutting about 400 jobs and reducing its operating budget. Altria was one of its former investors. JUUL is partnering with Jefferies Financial Group Inc, a full-service investment banking and capital markets firm – JEF.N, on the fundraising, the report said.

Russian brands enter Europe and the United States?

According to news on August 6, recently, talking about the main market of the Russian brand BRUSKO, Marketing Director Anton Mikhailov said that the company is currently focusing on the Russian domestic market, and its products are sold in more than 20,000 offline retail outlets. But it is also actively exploring the international market. BRUSKO has participated in e-cigarette exhibitions in Germany, Dubai and Jakarta this year, hoping to make more progress in the international market. He also said that Russia’s future one-off prices may rise, and consumers will flow to open-ended.

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In 2022, BRUSKO’s open electronic cigarette products will occupy a 20% share in the Russian market; in July 2023, BRUSKO will occupy a 50% share of the open electronic cigarette products that meet the regulations; Among the frequently mentioned open system brands, BRUSKO ranks in the top three.

European Italy bans online channels?

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According to news on August 6, the Italian Senate recently passed Bill No. 797, which aims to ban long-distance and cross-border sales of nicotine-containing vapor products.

It means that online channels are banned, but especially in some EU countries, there is no limit to designated stores to pick up goods, which means that online stores with stores can place orders online, and there is no limit to the mode of store pick-up. And in Italy, the Federation of Tobacco Traders (FIT) hopes to address growing concerns about disposable e-cigarettes by making tobacconists act as collection points for second-hand e-cigarettes — which some see as an attempt to gain traction from specialist e-cigarette retailers. Steal business there. It is reported that there are 22,729 registered e-cigarette products in Italy. Of these, 10,322 contained nicotine while 12,407 contained no nicotine.

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