Articles Tagged with cigars

China, Cuba Cigar DealHabanos S.A.’s revenue from international sales rose 12 percent to a record ~$500 million in 2017 thanks to the growing Cuban cigar market in China, the company announced Monday at the annual cigar festival in Cuba.

Habanos S.A., jointly owned by Cuba’s state-run Cubatabaco and Britain’s Imperial Brands, owns the trademarks of every brand of Cuban-made cigars and cigarettes exported globally, including high-end brands like Montecristo, Cohiba, Romeo y Julieta, and Partagas.

The company announced that sales in China rose 33 percent in value last year. The Chinese export market is the company’s third largest after Spain and France.

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China-Cuba-Cigar-Deal-300x200China National Tobacco Corporation (CNTC) and Cuban cigar producer Habanos S.A. signed an agreement in Havana over the weekend with the aim of increasing Cuba’s cigar exports to China.

Co-heads of Habanos S.A., Luis Sanchez-Harguindey and Inocente Nunez, and CNTC general manager Ling Chengxing signed the agreement on Sunday. Under the agreement, Habanos S.A. will assist China with the production of tobacco products while expanding the sale of its premium products in the Asian market.

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