Sunday, July 29, 2012

Reynolds Tobacco developing new smokeless products



(Winston-Salem Journal) Reynolds American Inc. has touted for years its desire to be the tobacco industry's trailblazer for innovative mainstream smokeless products.
The importance — and priority — Reynolds places on that role was evident once again as the company released its second-quarter earnings report Tuesday.
Daniel Delen, the company's chief executive and president, provided an innovation update to analysts before discussing a 35 percent increase in net income to $443 million.
Although Delen provided limited details, citing competitive reasons, he said Reynolds is preparing within the next six months to carve paths in several categories, including vapor (likely electronic cigarettes), nicotine-replacement therapy (NRT) and nicotine extract products such as lozenges.
Reynolds also is preparing to launch new styles of heated cigarettes similar to Eclipse, which it introduced in 1996 and still sells upon request to wholesalers and retailers. Continued

No comments: