Below is a list with tagged columns and company profiles.

Today's Headlines Annual Report HM Sampoerna

  • Indonesian Tobacco Giant Sampoerna Shuts down Two Cigarette Plants

    Indonesian Tobacco Giant HM Sampoerna Shuts down Two Cigarette Plants

    HM Sampoerna, Indonesia's largest tobacco company, decided to close two of its seven hand-rolled cigarette factories as the company needs restructuring due to its declining market share in the country's hand-rolled cigarettes industry. The market share fell from 30.4 percent in 2009 to 23.1 percent in 2013 as consumers are shifting to machine-rolled cigarettes. HM Sampoerna's hand-rolled cigarette plants in Jember and Lumajang (both in East Java) will be closed on 31 May 2014 and will lead to the termination of 4,900 employees.

    Read more ›

No columns with this tag

Associated businesses Annual Report HM Sampoerna