British American Tobacco (NYSE:BTI) is a multinational manufacturer of tobacco-based products.
In 1902, through a joint venture partnership, the Imperial Tobacco company and American Tobacco company formed the present company.
The company manufactures, produces, and markets tobacco products including cigarettes, tobacco and cigars.
British American Tobacco claims to be a sector leader in the consumer staples and tobacco industry.
The cigarette manufacturer operates through various subsidiaries such as Reynolds American, Souza Cruz, British American Tobacco Japan, Ltd, Bentoel Group, Tabacakera, Hondurena SA, etc.
British American Tobacco reportedly focuses on the safety and protection of the environment and claims to follow zero child labor practices across its tobacco supply chain.
Other global brands in the sector include Imperial Brands, Japan Tobacco, Scandinavian Tobacco, Altria, Phillip Morris International, Vector Group, Universal corporation, Swedish Match, etc.
The company also provides non-combustible products such as: glo, Velo, Vuse, Vype, Grizzly, Camel SNUS etc.
The product pipeline under combustible tobacco segment include Pall Mall, KENT, New Port, Natural American Spirit, Dunhill, etc.
The company launched its flagship vapor brand, Vype, in 2013.
In 2019, the tobacco company launched three global brands, including:
• Velo for modern oral products
• Vuse for vapor products
• glo for tobacco heating products
Some local and international brands include Vogue, Kool, Peter Stuyvesant, Craven A, StateExpress 555, Shuang Xi etc.
British American Tobacco added Pall Mall and Lucky Strike brands added to its portfolio in 1994.
In 1999, following a merger with Rothmans International, the firm acquired several major brands, including Dunhill.
British American Tobacco acquired the Tekel, a tobacco company based in Turkey, in 2008.
In 2012, the tobacco manufacturer acquired CN creative, a UK-based company that develops technologies for electronic cigarettes.
The company’s American Depository Shares are listed for trading on the New York Stock Exchange under the symbol ‘BTI’.
In addition, British American Tobacco claims to be among World Index 2020 under Dow Jones Sustainability Indices.
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