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Since the 2020 Index, three Index Companies made potentially nascent progress in Capital Allocation & Expenditure on RRPs

Capital Allocation & Expenditure

  • ITC started investing in a manufacturing facility for e-vapor products for export to Europe and the USA.
  • Eastern started spending on R&D for the manufacture of heated tobacco.
  • Vinataba is planning to “invest in production and develop new generation tobacco and alternative products” in the future, with an assumed level of R&D expenditure on RRPs in 2019-2021.

For a complete list of sources and references, download the full Index Ranking report.

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