Japan Tobacco International

SEKAP: How the Japanese of JTI have turned it into a profitable outward-looking company

A few years have passed since the former Cooperative Greek Tobacco Industry, also known as SEKAP, was “sinking” under the weight of huge accumulated debts, following the fate of its main shareholder, ATE Bank, while the revelation of the smuggling case had preceded it, when the discovery of a ship in Edipsos with cigarettes of the company served as the end of the thread.

SEKAP plant starts making JTI tobacco products

SEKAP announced on Thursday that production of the products of new owner Japan Tobacco International (JTI) has started, just two-and-a-half months after the Greek tobacco company's takeover.

JTI has upgraded the SEKAP factory at Xanthi in Thrace, which has begun producing Camel and Winston Giga buckets destined for daily export to European Union member-states.

Court orders tobacco firms to pay smokers $12.4 bln

A Canadian court has ordered tobacco firms to pay 15.5 billion Canada Dollars ($12.4 billion) to smokers in Quebec who claimed they were never warned about health risks linked to smoking.

Imperial Tobacco Canada, Rothmans, Benson & Hedges and JTI-MacDonald said they would appeal the award for moral and punitive damages, which is the largest in Canadian history.