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Daily News on Vape Industry August 25th, 2023


2023-08-25

1. According to the data of the General Administration of Customs of China, China’s vape export volume in July was 20,300,718 kilograms, or 20,300 tons, an increase of 3.21% month-on-month and a year-on-year increase of 48.71%.

 

2. The FDA has issued warning letters to 15 online retailers for selling or distributing unauthorized vaping products whose packaging design is alleged to be close to children’s favorite animation characters, school supplies, toys and beverages.

 

3. JUUL plans to lay off about 250 employees, reducing the total number of employees to about 650. In 2022, JUUL has laid off about 400 employees and cut its operating budget by 30% to 40% to prevent bankruptcy.

 

4. Russian media predicts that after September 1, 2023, the price of vapes will rise sharply, with an expected increase of 30%.

 

5. The Kazakhstan Financial Monitoring Bureau seized and confiscated more than 55,000 illegal vapes during the operation, with a value of more than 80 million tenge (about 1.27 million yuan).

 

6. Philippine government officials revealed that if the sale of illegal vaping products continues, the government may lose about 13.3 billion pesos (about 1.7 billion yuan).

 

7. Japan Tobacco International Inc. (JTI) has completed a merger with its consolidated subsidiary Japan Tobacco International Holdings Limited (JTIH) as the surviving company and Japan Tobacco International Group Holdings Limited (JTIGH) as the dissolved company .

 

8. The President of the Indonesia Vaping Association (AKVINDO) Paido Siahan said that he supports the promotion of alternative tobacco products in Indonesia as one of the solutions for adult smokers to get rid of the smoking habit.