E-cigarette Monthly Report 10.14-10.20
Belgium's Minister of Public Health, Frank Vandenbroucke, announced during a parliamentary plenary session that he plans to take a strong stance against the use of e-cigarettes. He intends to implement a ban on the sale of disposable e-cigarette products starting in 2025.
Reynolds Tobacco filed an investigation request with the United States International Trade Commission (ITC) under Section 337 of the 1930 U.S. Tariff Act (as amended), accusing several manufacturers, distributors, and retailers of various popular disposable e-cigarette devices of engaging in unfair import practices.
NJOY, a subsidiary of Ochiai, has filed a wide-ranging lawsuit against 34 domestic and international manufacturers, distributors, and online retailers, accusing them of illegally selling disposable e-cigarette products in violation of laws in California and other jurisdictions.
According to URA.RU media reports, Russian lawmaker Yaroslav Nilov has announced that a comprehensive bill banning the sale of e-cigarettes in the country has been submitted to the government and will be resubmitted to the State Duma after review.
In September, China's e-cigarette exports reached 898 million US dollars, increasing by 2.36% compared to the previous month and decreasing by 8.29% on a year-on-year basis. This growth marks a halt to the continuous decline in monthly export figures since May this year.
According to the announcement, during the nine months ending on September 30, 2023, the group's revenue amounted to 8.002 billion yuan (RMB), a decrease of 9.7% year-on-year. Pre-tax profit was 1.323 billion yuan, a decrease of 47.1% compared to the same period last year. Adjusted net profit was 1.225 billion yuan, representing a 43.2% decline year-on-year.
TACJA nicotine pouch products have recently been introduced in the UK, Switzerland, and Sweden. It is worth noting that the outer packaging of TACJA brand products bears the label "Powered By ELFBAR".
Philip Morris International (PMI) released its financial report for the third quarter of 2023, reporting a net income of $9.14 billion. This marks a 13.8% increase compared to the same period last year, when the company earned $8.03 billion. While the revenue fell short of market expectations, PMI's heated tobacco products and ZYN nicotine pouch business performed well.
RJRV, the e-cigarette company, has secured an urgent administrative restraining order from the Fifth Circuit Court of Appeals in the United States, temporarily suspending the sales ban imposed by the Food and Drug Administration (FDA) on Vuse Alto mint-flavored e-cigarette products (MODs).
UK manufacturer and wholesaler Supreme has announced a series of measures aimed at reducing the use of its own branded e-cigarette products among minors and minimizing the environmental impact of disposable e-cigarettes. These initiatives will be implemented in the coming months and urges the entire UK e-cigarette market to follow suit.
The mayor of New York City and judges have filed a new lawsuit against several e-cigarette companies, demanding that these companies cease the distribution of their products within the city.
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