KT&G Corp., Korea’s tobacco monopoly, has recently completed the construction of a plant in Russia to expand its presence in the world’s second-largest tobacco market.
The company has invested $100 million in building the plant located on a 103,000 square-meter site near Moscow.
Focusing on its flagship slim cigarettes, Esse, the plant will produce 4.6 billion cigarettes annually, KT&G said. It began operating Friday.
Installed with up-to-date raw material processing facilities and production lines, the plant will significantly cut costs and delivery time, KT&G CEO Min Young-jin said in a statement
“We will make Esse the No.1 brand in the Russian super-slim cigarette market within three years,” he added.
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