Manufacturer of Blu Vapes, Tianchang Group, Sees Decline in E-Cigarette Sales

Business by Alice Wang

Jun.15.2023

Manufacturer of Blu Vapes, Tianchang Group, Sees Decline in E-Cigarette Sales

Tianchang Group's e-cigarette sales decreased by 68% due to the loss of a major client, Blu.

On June 14th, the Hong Kong Stock Exchange-listed company, Tianchang Group, announced that compared to the same period last year, the group has recorded a decrease of approximately 68% in sales revenue for e-cigarette products.

Tianchang Group attributes their decline in sales to "the customer hiring other manufacturers to produce e-cigarette products, which resulted in a corresponding decrease in sales orders from the customer."

The company stated that it will continue to monitor the effects of the removal of exclusive rights clauses and the manufacturing and sales of its different products. It also aims to broaden its customer base by seeking new clients to purchase high-quality e-cigarette products, as the group is no longer bound by exclusive rights clauses to manufacture and sell e-cigarette products for a specific customer.

blu代工厂天长集团：电子烟销售额下滑68% 客户转向其他制造商 — Public Announcement | Tianchang Group

According to reports, Tianchang Group is an integrated injection molding solution provider, focused on mold design and manufacturing services, as well as injection component design and manufacturing services. In recent years, the company has expanded its business to manufacture e-cigarette products through OEM. Tianchang Group has previously acted as an original equipment manufacturer (OEM) for the e-cigarette brand "Blu," owned by Imperial Tobacco.

Reference:

The official announcement of Tianchang Group.

#Legislation #E-liquids #Africa #Nigeria #E-cigarette #E-cigarettes and Tobacco

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

NSW Landlords Could Face Jail or $165,000 Fine for Allowing Illegal Vape and Tobacco Sales

According to The Guardian, landlords in New South Wales who knowingly allow tenants to sell illicit tobacco or illegal vapes could face fines of up to AUD 165,000, a year in prison, or both. The new offences are part of the state government’s broader crackdown on Australia’s growing black market for cigarettes and vaping products.

Nov.12 by 2FIRSTS.ai

SKE’s Parent Company Yinghe Technology Reports 80% Drop in Q3 Net Profit, Revenue Up 22.85% Year-on-Year

Yinghe Technology (SZ: 300457), parent company of SKE, saw Q3 net profit plunge 80.3% to 31.06 million yuan, while revenue rose 22.85% to 2.52 billion yuan. The decline was mainly driven by higher costs and expenses.

Oct.28 by 2FIRSTS.ai

69% of Russians Support Full Ban on E-Cigarette Sales, SuperJob Survey Shows

According to Gazeta.Ru, a SuperJob poll found that 69% of Russians support President Vladimir Putin’s decision to fully ban vape sales in Russia. Only 7% oppose the ban, while 15% said they are indifferent and 9% were undecided.

Nov.10 by 2FIRSTS.ai

FDA CTP Acting Director Supports Expanding Authorized Flavored E-Cigs and Legal Marketplace

At the FDLI Tobacco and Nicotine Policy Conference, FDA CTP Acting Director Bret Koplow spoke in favor of promoting tobacco harm reduction to reduce smoking. He backed a legal marketplace for authorized reduced-risk products, potential expansion of flavored e-cigs, and faster FDA reviews to ensure a strong, regulated market.

Oct.29 by 2FIRSTS.ai