Japan Tobacco Says Demand Is Recovering in Russia
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Japan Tobacco Inc., the world’s third-largest publicly traded cigarette maker, said demand is recovering in Russia, Ukraine and neighboring countries, as the region emerges from the global recession.
Sales by volume of Japan Tobacco’s Winston, LD and other brands in the region rose 0.6 percent in the two months ended Aug. 31 after falling 9.7 percent in the first quarter and 7.3 percent in the second, the company said in a presentation to investors yesterday.