Alliance One, JTI enter tobacco processing agreement

(pr-canada.net) Alliance One International, Inc. (NYSE: AOI) today announced that its Brazilian subsidiary, Alliance One Brasil Exportadora de Tabacos Ltda. ("AOB"), has entered into a multi-year agreement with JTI Processadora de Tabaco do Brasil Ltda. ("JTIB"), a company of the JT International group of companies, to process tobacco for JTIB at AOB's new, state-of-the-art facility in Ararangua, Santa Catarina, Brazil. The commercial and strategic partnership reflected by the new processing agreement is in line with Alliance One's continuing initiatives to capitalize on growth opportunities and strengthen global relationships with its customers, and is anticipated to contribute to operational synergies at the Ararangua facility. Continued

Pictured: Tobacco warehouseman examining farmer's tobacco before auction sale. Durham, North Carolina, 1939. Marion Post Wolcott, Farm Security Administration - Office of War Information Photograph Collection, (Library of Congress).