Sources at Eastern smoke company in Egypt revealed that the company has stopped producing the popular box cigarettes brand in the current period, amid a sharp decline in its tobacco and smoke stocks.
Sources at Eastern smoke eastern company added that the company's tobacco stock is about 6 months of production, while the normal was at least a manufacturing stock sufficient for at least a year in previous periods.
The company raised the prices of popular cigarettes during March, with an increase ranging from two pounds to 3 pounds per pack, amid challenges represented by high production inputs and the continuous increase in costs, as indicated by the company in its financial statements for 2022, which prompted it to increase the prices of its products from cigarettes, honey and even cigars.
Eastern company raised the price of the box10 to 15 pounds, the price of Cleopatra king size rises to 23 pounds, Cleopatra soft coin to 24 pounds, the price of Boston plume for 24 pounds, Cleopatra white box - colors for 24 pounds, and raised the price of Cleopatra super to 24 pounds.
The company also raised the Mondial red-arzik/silver cigarettes to 24 pounds, the Mondial switch menthol/Blueberry to 24 pounds, increased the price of Cleopatra black to 24 pounds, Matossian super to 24 pounds, Viceroy/pal money to 33 pounds.
Ibrahim Imbabi, head of the smoke and cigarettes division at the Federation of industries, has previously said that foreign suppliers of tobacco and honey products to Egyptian companies, including eastern smoke, no longer want to supply them to manufacturers inside Egypt, and that smoke companies import their raw materials in dollars, and provide dollars at a high price.
Source : Al Watan newspaper




