From: The Edge Markets
Kang Siew Li/The Edge Financial Daily
KUALA LUMPUR: JT International Bhd (JTI Malaysia) will close its plant in Shah Alam, Selangor, by the end of December this year, a move that will bring to an end its manufacturing operations in Malaysia.
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For the past few years, the three major tobacco companies, namely BAT Malaysia, JTI Malaysia and Philip Morris (M) Sdn Bhd, have been lamenting over the steep increases in tobacco excise taxes they have to contend with and the challenging operating environment in Malaysia with regard to illegal cigarette trade which has impacted their business.
