China's two tobacco giants merge to become the world's fourth largest tobacco group

August 25, two tobacco industry giants China Hongyun Group and the Red River Group today signed a joint restructuring agreements, such as China reported the State Tobacco Monopoly Bureau after the commencement of examination and approval, the reorganization would mean that the two groups is expected to become the world's fourth largest The tobacco lobby.

Analysts believe that Hongyun, the Red River after the reorganization, the new Group of cigarette sales to more than 4.5 million boxes, more than Imperial Tobacco Group, became the Philip Morris International, British American Tobacco, Japan Tobacco after the world's fourth-largest tobacco company.

2005, the Chinese province of Yunnan tobacco to achieve the integration of the tobacco industry, cigarette enterprises in Yunnan "nine to four," "Four variable 3", the formation of the Hongta Group, Hongyun Group, the Honghe Cigarette Factory three major groups. May 2007, by the Honghe Cigarette Factory, Zhaotong Cigarette Factory, a tobacco factory in Xinjiang merger reorganization of the Red River from tobacco (Group) Company Ltd., set up, it established the Hongta, Hongyun, three Honghe in Yunnan Tobacco Group of the utmost The market situation.

The new company, tentatively entitled the Red River Hongyun Tobacco Group Limited Liability Company, administered province and outside Kunming, Qujing, the Red River, Zhaotong, Huize, Queensland Tobacco Factory, Xinjiang, eight Wulanhaote, such as cigarette production enterprises, and Shan-kun, Mongolia Queensland 2 holding, shares cigarette production companies, mainly produced Yunyan, Red River, Red Camellia, Shilin, red panda and other cigarette brands.