{"id":565113,"date":"2021-03-21T13:45:53","date_gmt":"2021-03-21T13:45:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/eastern-company-confirms-ongoing-tender-that-would-kind-of-end-its-tobacco-monopoly\/"},"modified":"2021-03-21T13:45:53","modified_gmt":"2021-03-21T13:45:53","slug":"eastern-company-confirms-ongoing-tender-that-would-kind-of-end-its-tobacco-monopoly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/eastern-company-confirms-ongoing-tender-that-would-kind-of-end-its-tobacco-monopoly\/","title":{"rendered":"Eastern Company confirms ongoing tender that would (kind of) end its tobacco monopoly"},"content":{"rendered":"

<\/a> Tobacco monopoly Eastern Company has confirmed we\u2019re about to see a <\/strong>new <\/strong>competitor: <\/strong>Several companies were invited to bid to become Egypt\u2019s second major tobacco company in a tender issued by the Industrial Development Authority (IDA), state-owned cigarette manufacturer Eastern Company said in a filing to the EGX (pdf)<\/a>. The statement confirms local press reports over the weekend<\/a> that the government is looking to potentially end Eastern\u2019s decades-long grip over the industry by issuing a license to a competitor.<\/p>\n

Terms and conditions of the tender protect Eastern\u2019s market share<\/strong> by preventing the new player from producing cigarettes in the Cleopatra brand mass price category, which accounts for 98% of Eastern\u2019s revenues, reads the EGX disclosure. \u201cAccordingly, this will guarantee that there is no competitive threat,\u201d it adds.<\/p>\n

Under the terms of the tender, Eastern will also end up owning 24% of the planned company<\/strong>, and the new company would be forced to price its popular brands 50% higher than Eastern\u2019s, the statement confirmed.<\/p>\n

Giving their client-turned-competitor a chance to leap-frog into new products such as e-cigarettes appears to be what Eastern fears most, <\/strong>according to the statement. None of Eastern\u2019s existing manufacturing agreements cover next-generation tobacco products, which the new license will cover, meaning its clients could opt to manufacture non-traditional products like e-cigarettes and the like at the competitor\u2019s facility. Those manufacturing agreements are important, Eastern\u2019s CEO Hany Aman told Enterprise, despite a series of \u201coperational efficiency improvements\u201d that have made it less dependent on contract manufacturers.<\/p>\n

Eastern is touting the benefits of a duopoly. <\/strong>\u201cCompetition is always in the consumer's benefit, and at the international level it raises Egypt's rating [from investment rating agencies],\u201d the company said. As we noted this morning, the tender\u2019s conditions were criticized by major tobacco distributors who would like to get the chance to manufacture. They argue that, because only one license is up for grabs, the winning company would gain an unfair advantage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tobacco monopoly Eastern Company has confirmed we\u2019re about to see a new competitor: Several companies were invited to bid to become Egypt\u2019s second major tobacco company in a tender issued by the Industrial Development Authority (IDA), state-owned cigarette manufacturer Eastern Company said in a filing to the EGX (pdf). The statement confirms local press reports […]<\/p>\n","protected":false},"author":1,"featured_media":565114,"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":[10105],"tags":[1978,247,633,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-competition-watch","tag-competition-watch","tag-eastern-company","tag-enterprisepm","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"fc6218c5-a369-4987-b5ec-3e9aa59744bb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/507.jpg","photo_position":"above","related_issue":[565109],"teaser":"","voice_url":""},"yoast_head":"\nEastern Company confirms ongoing tender that would (kind of) end its tobacco monopoly - 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\/eastern-company-confirms-ongoing-tender-that-would-kind-of-end-its-tobacco-monopoly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company confirms ongoing tender that would (kind of) end its tobacco monopoly\" \/>\n<meta property=\"og:description\" content=\"Tobacco monopoly Eastern Company has confirmed we\u2019re about to see a new competitor: Several companies were invited to bid to become Egypt\u2019s second major tobacco company in a tender issued by the Industrial Development Authority (IDA), state-owned cigarette manufacturer Eastern Company said in a filing to the EGX (pdf). 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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":561003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/","url_meta":{"origin":565113,"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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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":565113,"position":3},"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). 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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\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\/256.jpg?fit=%2C&ssl=1&resize=350%2C200","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":565113,"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\/565113","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=565113"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565113\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565114"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565113"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565113"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}