[0] Swedish Match to Launch Snuff in India.Business Editors STOCKHOLM--(BUSINESS WIRE)--April 23, 2001 Swedish Match (Nasdaq:SWMAY SWMAY Swedish Match AB (stock symbol) )(OM Stockholmsborsen:SWMA SWMA Software Maintenance SWMA Solid Waste Management Act SWMA Sine-Weighted Moving Average SWMA Storm Water Management Authority, Inc. (Homewood, AL) SWMA Segmental Wall Motion Abnormality (cardiology) ) today announced that test marketing of Swedish moist snuff, "Snus," under the trade mark "Click," will begin in India this week. "Click" is produced in Gothenburg using the proprietary "Gothia Tek" standard. "Click" is a pouched pouched adj. Having a pouch, as a gopher, pelican, or marsupial. Adj. 1. pouched - having a pouch moist snuff product that comes in two packaging alternatives. "This new initiative is our first entry into the huge Indian tobacco market," said Lennart Sunden, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Swedish Match. "India has a long tradition of smokeless tobacco use and thus offers exciting business opportunities to Swedish Match with its strategic focus in this category," he said. Swedish Match is an international group with its head office in Stockholm. The company manufactures a broad range of products within the OTP (Other Tobacco Products) category, with smokeless tobacco as its core business along with cigars and pipe tobacco, as well as matches and lighters. The products are sold in approximately 140 countries. Sales for the year 2000 amounted to 11,533 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner . Swedish Match is listed on OM Stockholm Exchange (SWMA) and on NASDAQ (SWMAY). |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion