Business news from Ukraine


29 April , 2021  

JTI Ukraine tobacco company in 2020 produced 15.9 billion cigarettes at a factory in Kremenchuk (Poltava region), of which 6.04 billion were exported for $ 117.7 million, Director General of Japan Tobacco International (JTI) Ukraine Paul Holloway said in an exclusive interview with Interfax-Ukraine.
He noted that the export of cigarettes by the company remains stable, despite the contraction of the Ukrainian cigarette market. Last year, JTI Ukraine exported its products to 14 countries, including Japan and Mexico.
“We are planning to turn the factory in Kremenchuk into a large export hub. Our factory is very flexible and can produce various types of products – we export not only cigarettes, but, for example, filters, which are then used to produce cigarettes in our other factories. We hope that our factory in Ukraine will continue to increase exports,” the director said.
He clarified that he hopes for further revenue growth from the export of the factory’s products in Kremenchuk. According to him, an important factor that influenced the company’s export plans was its obtaining the status of an authorized economic operator, which will reduce customs formalities when importing raw materials and exporting finished products.
Holloway noted that JTI, which received this status as the first in Ukraine, will receive a number of advantages when passing through customs formalities in Ukraine, including the opportunity to use a special dedicated traffic lane for commercial vehicles.

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