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Japan Tobacco Inc plans to invest $500 million to expand its smokeless tobacco production capacity in order to compete with Philip Morris for a larger share of the Japanese vaping market. Japan is an ideal testing ground for vaping products as nicotine-based e-cigarettes are not permitted under the country's pharmaceutical regulations. While Philip Morris' "IQOS" device has gained popularity, Japan Tobacco's "Ploom Tech" product has faced delays.
Sunday, 28 May, 2017