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<br /> · PROFILE: BRITISH AMERICAN TOBACCO'S ·<br /> AGGRESSIVE INVESTMENT IN<br /> ALTERNATIVES<br /> ·<br /> · JTI: HOLDS STEADY IN RUSSIA<br /> www.tobaccointernational.com<br /> The authority<br /> on the tobacco<br /> industry since 1886<br /> December 2014<br /> CUBA<br /> REDUX<br /> USA Seeks Normal<br /> Diplomatic Relations &<br /> End to 52-Year Embargo<br /> TOBACCO'S LONG SEASON YIELDS<br /> A 20M POUND LEAF SURPLUS<br /> IMPERIAL TOBACCO COMES OFF A<br /> BIG YEAR AND STARTS ANOTHER<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> ISSN 0049-3945 (Print) ISSN 2331-8481 (Online)<br /> TI TABLE OF CONTENTS<br /> DECEMBER 2014<br /> A LOCKWOOD PUBLICATION<br /> EDITOR-IN-CHIEF<br /> Murdoch McBride<br /> ART DIRECTOR<br /> Lily Lee<br /> ASSISTANT ART DIRECTOR<br /> YiLing Yen<br /> PRODUCTION COORDINATOR<br /> Melinda Ayala<br /> PREPRESS COORDINATOR<br /> Christopher Al<a title="Tobacco International: December, 2014 page 1" href="http://catalog.proemags.com/publication/b98b99bc?page=1"> · PROFILE: BRITISH AMERICAN TOBACCO'S · AGG</a> <a title="Tobacco International: December, 2014 page 2" href="http://catalog.proemags.com/publication/b98b99bc?page=2"> </a> <a title="Tobacco International: December, 2014 page 3" href="http://catalog.proemags.com/publication/b98b99bc?page=3"> </a> <a title="Tobacco International: December, 2014 page 4" href="http://catalog.proemags.com/publication/b98b99bc?page=4"> </a> <a title="Tobacco International: December, 2014 page 5" href="http://catalog.proemags.com/publication/b98b99bc?page=5"> </a> <a title="Tobacco International: December, 2014 page 6" href="http://catalog.proemags.com/publication/b98b99bc?page=6"> </a> <a title="Tobacco International: December, 2014 page 7" href="http://catalog.proemags.com/publication/b98b99bc?page=7"> </a> <a title="Tobacco International: December, 2014 page 8" href="http://catalog.proemags.com/publication/b98b99bc?page=8"> </a> <a title="Tobacco International: December, 2014 page 9" href="http://catalog.proemags.com/publication/b98b99bc?page=9"> </a> <a title="Tobacco International: December, 2014 page 10" href="http://catalog.proemags.com/publication/b98b99bc?page=10"> </a> <a title="Tobacco International: December, 2014 page 11" href="http://catalog.proemags.com/publication/b98b99bc?page=11"> </a> <a title="Tobacco International: December, 2014 page 12" href="http://catalog.proemags.com/publication/b98b99bc?page=12"> ISSN 0049-3945 (Print) ISSN 2331-8481 (Online) T</a> <a title="Tobacco International: December, 2014 page 13" href="http://catalog.proemags.com/publication/b98b99bc?page=13"> </a> <a title="Tobacco International: December, 2014 page 14" href="http://catalog.proemags.com/publication/b98b99bc?page=14"> TI EDITORIAL Tobacco's New Deals Three tobacco st</a> <a title="Tobacco International: December, 2014 page 15" href="http://catalog.proemags.com/publication/b98b99bc?page=15"> </a> <a title="Tobacco International: December, 2014 page 16" href="http://catalog.proemags.com/publication/b98b99bc?page=16"> TI DIGEST CUBA Lifting the Cuban Embargo An Overa</a> <a title="Tobacco International: December, 2014 page 17" href="http://catalog.proemags.com/publication/b98b99bc?page=17"> </a> <a title="Tobacco International: December, 2014 page 18" href="http://catalog.proemags.com/publication/b98b99bc?page=18"> TI DIGEST agendas that are pre-approved by OFAC.</a> <a title="Tobacco International: December, 2014 page 19" href="http://catalog.proemags.com/publication/b98b99bc?page=19"> </a> <a title="Tobacco International: December, 2014 page 20" href="http://catalog.proemags.com/publication/b98b99bc?page=20"> TI DIGEST </a> <a title="Tobacco International: December, 2014 page 21" href="http://catalog.proemags.com/publication/b98b99bc?page=21"> tions and those citizens who were so deeply wound</a> <a title="Tobacco International: December, 2014 page 22" href="http://catalog.proemags.com/publication/b98b99bc?page=22"> LEAF </a> <a title="Tobacco International: December, 2014 page 23" href="http://catalog.proemags.com/publication/b98b99bc?page=23"> Tobacco's Long Season Yields a 20M Lb. Su</a> <a title="Tobacco International: December, 2014 page 24" href="http://catalog.proemags.com/publication/b98b99bc?page=24"> LEAF A Delayed Frost In Marks' area of north cent</a> <a title="Tobacco International: December, 2014 page 25" href="http://catalog.proemags.com/publication/b98b99bc?page=25"> Innovation in making-packing. We don't travel the</a> <a title="Tobacco International: December, 2014 page 26" href="http://catalog.proemags.com/publication/b98b99bc?page=26"> LEAF “The freeze essentially brought the growing </a> <a title="Tobacco International: December, 2014 page 27" href="http://catalog.proemags.com/publication/b98b99bc?page=27"> www.universalcorp.com</a> <a title="Tobacco International: December, 2014 page 28" href="http://catalog.proemags.com/publication/b98b99bc?page=28"> LEAF estimate of 15M pounds of dark air-cured was</a> <a title="Tobacco International: December, 2014 page 29" href="http://catalog.proemags.com/publication/b98b99bc?page=29"> SMK. The New SASIB Cigarette Maker. Beyond your e</a> <a title="Tobacco International: December, 2014 page 30" href="http://catalog.proemags.com/publication/b98b99bc?page=30"> IMPERIAL TOBACCO Imperial: What a Difference an A</a> <a title="Tobacco International: December, 2014 page 31" href="http://catalog.proemags.com/publication/b98b99bc?page=31"> ENHANCED EMBOSSING DRESS UP YOUR BRAND The powe</a> <a title="Tobacco International: December, 2014 page 32" href="http://catalog.proemags.com/publication/b98b99bc?page=32"> IMPERIAL TOBACCO lyst Philip Gorham reckons ther</a> <a title="Tobacco International: December, 2014 page 33" href="http://catalog.proemags.com/publication/b98b99bc?page=33"> Deals at a Value Creating Price With a reported E</a> <a title="Tobacco International: December, 2014 page 34" href="http://catalog.proemags.com/publication/b98b99bc?page=34"> PROFILE: BAT </a> <a title="Tobacco International: December, 2014 page 35" href="http://catalog.proemags.com/publication/b98b99bc?page=35"> Profile: BAT's Investment in Alternative Tobacco </a> <a title="Tobacco International: December, 2014 page 36" href="http://catalog.proemags.com/publication/b98b99bc?page=36"> PROFILE: BAT BAT invests heavily in the research </a> <a title="Tobacco International: December, 2014 page 37" href="http://catalog.proemags.com/publication/b98b99bc?page=37"> </a> <a title="Tobacco International: December, 2014 page 38" href="http://catalog.proemags.com/publication/b98b99bc?page=38"> P??R?OFILE: BAT Analysts tell investors that </a> <a title="Tobacco International: December, 2014 page 39" href="http://catalog.proemags.com/publication/b98b99bc?page=39"> </a> <a title="Tobacco International: December, 2014 page 40" href="http://catalog.proemags.com/publication/b98b99bc?page=40"> POLITICALLY INCORRECT OP-ED Naughty Notting Hill:</a> <a title="Tobacco International: December, 2014 page 41" href="http://catalog.proemags.com/publication/b98b99bc?page=41"> Designed for flexibility, with innovation </a> <a title="Tobacco International: December, 2014 page 42" href="http://catalog.proemags.com/publication/b98b99bc?page=42"> POLITICALLY INCORRECT OP-ED suspicious about thes</a> <a title="Tobacco International: December, 2014 page 43" href="http://catalog.proemags.com/publication/b98b99bc?page=43"> NANO-8: The NANO cigarette maker for 8,200 cpm </a> <a title="Tobacco International: December, 2014 page 44" href="http://catalog.proemags.com/publication/b98b99bc?page=44"> JTI HOLDS FIRM IN RUSSIA Japan Tobacco: Plants Wi</a> <a title="Tobacco International: December, 2014 page 45" href="http://catalog.proemags.com/publication/b98b99bc?page=45"> Tel:+265 888 838 011 </a> <a title="Tobacco International: December, 2014 page 46" href="http://catalog.proemags.com/publication/b98b99bc?page=46"> JTI HOLDS FIRM IN RUSSIA The initial tax burden o</a> <a title="Tobacco International: December, 2014 page 47" href="http://catalog.proemags.com/publication/b98b99bc?page=47"> mailto:unicotrd@singnet.com.sg</a> <a title="Tobacco International: December, 2014 page 48" href="http://catalog.proemags.com/publication/b98b99bc?page=48"> JTI HOLDS FIRM IN RUSSIA pieces plus 10.5 percent</a> <a title="Tobacco International: December, 2014 page 49" href="http://catalog.proemags.com/publication/b98b99bc?page=49"> </a> <a title="Tobacco International: December, 2014 page 50" href="http://catalog.proemags.com/publication/b98b99bc?page=50"> SCIENCE: DELFORTGROUP'S LIP Low Ignition Cigarett</a> <a title="Tobacco International: December, 2014 page 51" href="http://catalog.proemags.com/publication/b98b99bc?page=51"> </a> <a title="Tobacco International: December, 2014 page 52" href="http://catalog.proemags.com/publication/b98b99bc?page=52"> SCIENCE: DELFORTGROUP'S LIP cigarettes to ignite </a> <a title="Tobacco International: December, 2014 page 53" href="http://catalog.proemags.com/publication/b98b99bc?page=53"> </a> <a title="Tobacco International: December, 2014 page 54" href="http://catalog.proemags.com/publication/b98b99bc?page=54"> MANUFACTURERS NEWS AUSTRIA Delfortgroup Expands t</a> <a title="Tobacco International: December, 2014 page 55" href="http://catalog.proemags.com/publication/b98b99bc?page=55"> www.WorldTobacco.co.uk</a> <a title="Tobacco International: December, 2014 page 56" href="http://catalog.proemags.com/publication/b98b99bc?page=56"> MANUFACTURERS NEWS UNITED STATES Wells Fargo Impr</a> <a title="Tobacco International: December, 2014 page 57" href="http://catalog.proemags.com/publication/b98b99bc?page=57"> · www.tobaccointernati onal.com The authority </a> <a title="Tobacco International: December, 2014 page 58" href="http://catalog.proemags.com/publication/b98b99bc?page=58"> 58 TOBACCO INTERNATIONAL DECEMBER 2014</a> <a title="Tobacco International: December, 2014 page 59" href="http://catalog.proemags.com/publication/b98b99bc?page=59"> DECEMBER 2014 TOBACCO INTERNATIONAL 59</a> <a title="Tobacco International: December, 2014 page 60" href="http://catalog.proemags.com/publication/b98b99bc?page=60"> 60 TOBACCO INTERNATIONAL DECEMBER 2014</a> <a title="Tobacco International: December, 2014 page 61" href="http://catalog.proemags.com/publication/b98b99bc?page=61"> DECEMBER 2014 TOBACCO INTERNATIONAL 61</a> <a title="Tobacco International: December, 2014 page 62" href="http://catalog.proemags.com/publication/b98b99bc?page=62"> 62 TOBACCO INTERNATIONAL DECEMBER 2014</a> <a title="Tobacco International: December, 2014 page 63" href="http://catalog.proemags.com/publication/b98b99bc?page=63"> DECEMBER 2014 TOBACCO INTERNATIONAL 63</a> <a title="Tobacco International: December, 2014 page 64" href="http://catalog.proemags.com/publication/b98b99bc?page=64"> 64 TOBACCO INTERNATIONAL DECEMBER 2014</a> <a title="Tobacco International: December, 2014 page 65" href="http://catalog.proemags.com/publication/b98b99bc?page=65"> EuroTab2015 International Tobacco Products </a> <a title="Tobacco International: December, 2014 page 66" href="http://catalog.proemags.com/publication/b98b99bc?page=66"> TOBACCO INTERNATIONAL'S CALENDAR OF EVENTS 2015 J</a> <a title="Tobacco International: December, 2014 page 67" href="http://catalog.proemags.com/publication/b98b99bc?page=67"> *UDI,JQDWLHY6WU6RILD%XOJDULD 7HO )D[ LQI</a> <a title="Tobacco International: December, 2014 page 68" href="http://catalog.proemags.com/publication/b98b99bc?page=68"> www.burleytobacco.com</a>