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Daily News on Vape Industry July 18th, 2024


2024-07-18
  1. Philip Morris International will invest $600 million to build a ZYN nicotine bag factory in Colorado, USA, which is expected to be put into production in 2026.

 

  1. Egyptian customs said that disposable vapesare subject to a value-added tax of 14% of their value, and the Minister of Finance approved this opinion on May 30.

 

  1. The Philippine Fair Trade Enforcement Bureau and the Southern Police District Special Operations Group seized 9,359 FLAVA vapesof different flavors or styles in a raid, with a total market value of approximately $88,000.

 

  1. In three months, the Philippine Department of Trade and Industry seized 54,000 illegal vapes worth $480,000.

 

  1. The United Utilities Company in the United Kingdom warned that more than 50 vapes were found blocking the drainat a water station, including vapewith the HAYATI logo.

 

  1. The latest research shows that the proportion of smoking population in the European Union has only dropped by 1 percentage point in the past three years, and 24% of the population still smokes. The EU has set a goal of achieving a “smoke-free generation” by 2040, but progress is currently slow.

 

  1. In May 2024, China’s vape exports to Indonesia were approximately US$10.65 million, a month-on-month increase of 23.2% and a year-on-year decrease of 18.1%; the export volume was approximately 144 tons, a month-on-month increase of 37.54% and a year-on-year decrease of 38.41%.