ZAGREB (Croatia), April 8 (SeeNews) – British American Tobacco (BAT) is investing more than 80 million euro ($87 million) to upgrade its cigarette factory in Kanfanar to make new categories of tobacco products, Croatian prime minister Andrej Plenkovic said.
Croatia welcomes the latest investment of BAT as it will make the country one of the most important location for the company, Plenkovic wrote on his Twitter profile after a visit to the factory on Thursday.
BAT acquired the cigarette factory in Kanfanar, on the Istria peninsula, in 2015 when it took over local tobacco company Tvornica Duhana Rovinj (TDR) for more than 500 million euro. Under the takeover deal, BAT was obliged to maintain production at the factory in Kanfanar for at least five years.
In September 2020, Plenkovic said the government was in talks with BAT on the company’s plans to relocate production from the factory to another country, following media reports that BAT might leave due to worsened business conditions in Croatia.
($=0.919 euro)
