{"id":560970,"date":"2021-03-21T04:09:22","date_gmt":"2021-03-21T04:09:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/will-easterns-monopoly-go-up-in-smoke\/"},"modified":"2021-03-21T04:09:22","modified_gmt":"2021-03-21T04:09:22","slug":"will-easterns-monopoly-go-up-in-smoke","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/will-easterns-monopoly-go-up-in-smoke\/","title":{"rendered":"Will Eastern\u2019s monopoly go up in smoke?"},"content":{"rendered":"

<\/a> Eastern Company\u2019s tobacco monopoly <\/strong>could<\/strong> soon come to an end<\/strong> after the government put a license to manufacture regular and e-cigarettes up for grabs. Authorities have invited both companies with a local presence and new players to compete, the local press<\/a> reported, citing government sources. Eastern \u2014 which has been the only licensed cigarette manufacturer for decades \u2014 would still own 24% of the company that will be set up by whoever gets the license, the report says. Big tobacco sellers aren\u2019t too excited, it adds, and have formally asked the government to reconsider the tender\u2019s terms.<\/p>\n

The terms skew in Eastern\u2019s favor: <\/strong>Besides owning 24% of the planned company, Eastern\u2019s market share is unlikely to be affected thanks to a provision that would force the new company to sell any popular brands at a price 50% higher than Eastern.<\/p>\n

Other conditions: <\/strong>The would-be manufacturer will need to fulfill a production quota of at least 15 bn cigarettes a year and have its factory, which has to have an annual production capacity of up to 50 bn cigarettes, up and running in no more than three years.<\/p>\n

Eastern neither confirmed nor denied. <\/strong>The company doesn\u2019t have \u201cany official information regarding this decision [to issue the tender], and in the event of availability of official information or contacts, it will be dealt with, studied, and presented,\u201d the EGX-listed company said in a regulatory filing (pdf)<\/a>. The company said it welcomes any prospect to \u201cemphasize its ability to compete, expand, and raise operational profits,\u201d and that it\u2019s currently studying potential investments to \u201cstrengthen its position as leader in the field.\u201d<\/p>\n

The big four are less than overjoyed: <\/strong>Four major brand owners and distributors \u2014 JTI-Nakhla Tobacco<\/a>, British American Tobacco Egypt, Imperial Tobacco<\/a>, and Al Mansour International Distribution Company \u2014 that have been invited to bid have complained about the conditions asked the government to reconsider the terms, Reuters<\/a> said, citing a letter to Prime Minister Moustafa Madbouly. The companies expressed concern that, because only one license is up for grabs, the winning company would gain an unfair advantage, and pointed out that the condition that limits rights to manufacture next-generation products including e-cigarettes and heated tobacco could create a new monopoly in the sub-sector.<\/p>\n

Bidders have u<\/strong>ntil 4 April to make an offer<\/strong>, as well as an initial EGP 30 mn deposit to the government (increasing to EGP 100 mn for any qualifying party). Authorities are due to start the formal selection process on 2 June. If the tender runs and wraps up under the current rules, no new manufacturers would be eligible for licenses for 10 years.<\/p>\n

The status quo: <\/strong>Companies other than Eastern \u2014 which is 51% owned by the state\u2019s Chemical Industries Holding \u2014 can only import and sell. This has been the case ever since the century-old company took over a nationalized industry to counteract the large influence of Greek immigrants in the sector before the 1952 Revolution. Now, Eastern holds a 70% market share with both products it owns and products it manufactures for global brand owners including Philip Morris International Japan Tobacco International. It\u2019s the only licensed traditional cigarette manufacturer, but many other companies are allowed to produce \u201cmoassel,\u201d the tobacco used in shisha (waterpipes).<\/p>\n","protected":false},"excerpt":{"rendered":"

Eastern Company\u2019s tobacco monopoly could soon come to an end after the government put a license to manufacture regular and e-cigarettes up for grabs. Authorities have invited both companies with a local presence and new players to compete, the local press reported, citing government sources. Eastern \u2014 which has been the only licensed cigarette manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":560971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8787],"tags":[1978,247,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-competition-watch","tag-competition-watch","tag-eastern-company","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"37788807-9726-457b-9df0-f4fca702d0f2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/256.jpg","photo_position":"above","related_issue":[560963],"teaser":"","voice_url":""},"yoast_head":"\nWill Eastern\u2019s monopoly go up in smoke? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/will-easterns-monopoly-go-up-in-smoke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Eastern\u2019s monopoly go up in smoke?\" \/>\n<meta property=\"og:description\" content=\"Eastern Company\u2019s tobacco monopoly could soon come to an end after the government put a license to manufacture regular and e-cigarettes up for grabs. 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The\u2026","rel":"","context":"In "SPEED ROUND: COMPETITION WATCH"","block_context":{"text":"SPEED ROUND: COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/507.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/","url_meta":{"origin":560970,"position":1},"title":"Eastern\u2019s new tender will be based on point-count bidding","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"The bidding process for a license to establish Egypt\u2019s second major tobacco company will be assessed on a points system, according to the conditions booklet the Industrial Development Authority (IDA) has released for the auction, the local press reports. 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The complaint looks to scrap the conditions booklet the Industrial Development Authority (IDA) had issued for the\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561074,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/are-things-getting-ugly-in-the-tobacco-industry\/","url_meta":{"origin":560970,"position":3},"title":"Are things getting ugly in the tobacco industry?","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"The tender for a license to establish Egypt\u2019s second major tobacco company could face an antitrust probe after several tobacco players filed a formal complaint with the Egyptian Competition Authority (ECA) on the sale conditions, Masrawy reports, citing unnamed sources it says are in the know. Four major tobacco distributors\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/295.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553942,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/14\/eastern-company-gets-in-on-davidoff\/","url_meta":{"origin":560970,"position":4},"title":"Eastern Company gets in on Davidoff","author":"enterpriseam admin","date":"14 December 2021","format":false,"excerpt":"Eastern Company has inked an agreement to jointly manufacture Davidoff Evolve cigarettes with Mansour International Distribution Co at Eastern\u2019s facilities, according to an EGX disclosure (pdf). The international cigarette brand is produced in only three other factories worldwide, the state-owned company notes, and will be sold within the mid-price segment,\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/philip-morris-strikes-an-agreement-on-local-tobacco-manufacturing-with-eastern\/","url_meta":{"origin":560970,"position":5},"title":"Philip Morris strikes an agreement on local tobacco manufacturing with Eastern","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"Eastern agrees to let Philip Morris make smokes in Egypt: The Egyptian arm of tobacco giant Philip Morris is on course to manufacture cigarettes in Egypt after reaching an agreement with Eastern Company, according to a disclosure to the EGX (pdf) filed by the state tobacco monopoly on Thursday. United\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560970"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560970\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560971"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560970"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560970"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}