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.