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Daily News on Vape Industry December 7th, 2023

  1. In October 2023, China’s e-cigarette exports to Italy were approximately US$8.95 million, a month-on-month increase of 84.94%, and a year-on-year decrease of 40.76%; the export volume was approximately 183 tons, a month-on-month increase of 89.39%, and a year-on-year decrease of 29.47%.


  1. RelxTechnology announced that it has signed two equity acquisition agreements with two target companies and their respective shareholders. The two target companies are located in Southeast Asia and North Asia respectively, and both are market leaders in the vapeindustry in the countries where the brands are located.


  1. The FDA announced the filing of civil penalty (CMP) lawsuits against 25 physical stores and online retailers in the United States, accusing them of illegally selling unapproved vapes.


  1. According to European media reports, some vapeswith higher nicotine concentration on the Finnish market are usually shipped through Latvia. The price of these vapesis relatively high. For example, a vape with a purchase price of 3 euros may cost up to 30 euros.


  1. The U.S. menthol cigarette ban may be postponed until the end of 2024.


  1. PMI announced the appointment of Kurnia Adhi Sulistyawan as the manufacturing director of the Romania plant, and also announced that it will make more than US$130 million in additional investments in the company to increase production capabilities.


  1. British Shadow Health Secretary Wes Stirling said that the Labor Party is considering making vapesa prescription drug to deal with teenagers’ dependence on this “entry-level drug”.