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British American Tobacco invests 60 million Euro to increase factory production in Ploiesti

British American Tobacco (BAT), one of the largest cigarette manufacturers in Romania, announced on Monday that this year, the company will invest 60 million Euro in the construction of a new production hall with a total area of 4,000 square meters and in the refurbishment of the plant In Ploiesti, according to news.ro

2017-07-03 12:58:30

In November 2016, British American Tobacco announced that it would invest around 21 million Euro annually in the development of the Ploiesti plant for a five-year period. But the manufacturer has decided to triple this year′s investments as a result of the gradual closure of the German factory and the Bulgartabac takeover from Bulgaria, with part of the production to be relocated to Ploiesti.

Because of the development of the Ploiesti factory, 120 new jobs will be created by the end of the year, of which 90 were already occupied. At present, about 700 employees and 150 contractors work in the production unit in Ploiesti. Investments will also be reflected in the volumes produced, which will increase by 30 per cent.
At the same time, the number of countries to which British American Tobacco's products from Ploiesti depart will increase from 35 to 40.

"We want to continue investing in Romania and we hope that the Romanian Government will ensure the legislative and fiscal predictability and the necessary political stability," said Gemma Webb, general manager of British American Tobacco. "We underline again that one of the prerequisites for sustainable economic growth is the ongoing dialogue between authorities and business."

The British American Tobacco plant in Ploiesti is currently the second largest factory in Europe.
With the new volumes, the British American Tobacco plant in Ploiesti will become one of the world's top five BAT production units, the company said. The most important players in the tobacco industry, active in Romania, are British American Tobacco, JTI, Philip Morris International and Imperial Tobacco.



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