According to a report from New Voice on July 2nd, Japan Tobacco International's (JTI) Ukrainian subsidiary announced on July 1st that it plans to inject an additional $60 million into the Ukrainian economy over the next three years. This investment is related to the company's new heated tobacco device.
The company's CEO, Svetlana Sharamok, stated
New investments are important steps for any company, even during times of peace. We have unwavering faith in the future of Ukraine, which is why we are investing in its economy even during times of war.
The company has been operating in the Ukrainian market for over 25 years, with total investments exceeding 400 million dollars. JTI Ukraine is also one of the country's largest taxpayers. In 2023, the company paid taxes amounting to 24.7 billion hryvnias (approximately 6 billion dollars), ranking among the top five taxpayers in Ukraine.
We know that Ukraine now more than ever needs additional investment. Supporting the country's economy during difficult times is one of businesses' most important tasks.
She mentioned that after the start of the total war, the company will focus on ensuring the safety and well-being of its employees and their families, and has invested a significant amount of funds for this purpose.
It is time to invest in our business, strengthen our position, and continue to contribute to the future of our country.
JTI Ukraine is one of the largest tobacco product manufacturers in Ukraine, belonging to Japan Tobacco International. Since 1999, the company has had multiple offices and factories in Ukraine, including a central office in Kyiv, regional offices, and the Kremenchuk factory, with a total of over 800 employees.
Before the outbreak of full-scale war, JTI Ukraine not only produced for the local Ukrainian market, but also produced for 22 foreign markets.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
