Decline in oldest Iranian tobacco company’s output

Financial Tribune – Misguided policies related to the tobacco industry, restrictive regulations and lack of thoughtful plans have led to a decline in output of Iranian Tobacco Company in recent years, says a member of the company’s board of directors.

“ITC’s production last year [March 2019-20] reached around six billion cigarettes compared with nine billion in the year ending March 2019 and 12 billion in the year ending March 2018,” Payam Hamedani-Mojarrad was also quoted as saying by ISNA.