Skip to main content
. 2020 Jun 21;10(6):324–337. doi: 10.34172/ijhpm.2020.97

Table 1. Joint Ventures, Investments, Mergers and Licensing Agreements of Tobacco Transnationals in Southeast Asia.

Country Transnational Local Entity Details Source
Laos Imperial Brands (formerly Imperial Tobacco) Lao Government Joint venture to form Lao Tobacco Ltd through Coralma Intl, S3T 2
Cambodia BAT Cambodian Tobacco Company Joint venture in 1996 between BAT-Singapura United Trading and Cambodian Tobacco Company (Kong Triv) 49
Vietnam BAT Vinataba Joint venture in 2001 45
Myanmar BAT Union of Myanmar Economic Holdings Joint venture between Rothmans of Pall Mall Myanmar and Union of Myanmar Economic Holdings (military regime’s economic arm) until 2004 38
BAT IMU (Sein Wut Hmon Group) Majority stake ($50m) in joint venture in 2014 50
Philippines RJ Reynolds Fortune Tobacco Company Licensing agreement in 1974 42
PMI La Suerte Cigar and Cigarette Company
Fortune Tobacco Company
Licensing agreement in 1955-2002
Merger to form PMFTC, $20m investment in 2010
2,42,51
JTI Mighty Corporation $936m investment in 2017 2
Indonesia PMI Sampoerna $5.2b investment (98% share) in 2005 2,46,52
BAT Bentoel Acquisition for $494m (99.7% share) in 2009 2,51,52
JTI Karyadibya Mahardhika, Surya Mustika Nusantara Acquisition for $677b in 2017 2
Malaysia PMI Philip Morris (Malaysia) Sdn Bhd $40m investment in 2005 51

Abbreviations: BAT, British American Tobacco; PMI, Philip Morris International; JTI, Japan Tobacco International.