Japan Tobacco to close five plants

摘要

JAP: Japan Tobacco plans to axe five overseas plants as part of an overhaul following its acquisition last year of British rival Gallaher Group, a spokeswoman has stated.rnJapan Tobacco will close plants in Singapore, Britain, Austria, Ukraine, and the Canary Islands, reducing the total overseas to 26 as part of restructuring that aims to cut costs by US$300mn, spokeswoman Yuka Kin said. She declined to say when the plants would be closed. Japan Tobacco is also considering opening a new plant in Russia due to robust sales there, despite slowing growth in emerging economies due to the global economic downturn, the official said.