British-American Tobacco Company
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| Public limited company | |
| Traded as | : NYSE MKT: BTI JSE: BTI FTSE 100 Component |
| Industry | Tobacco |
| Founded | 1902 |
| Headquarters | London, United Kingdom |
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Area served
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Worldwide |
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Key people
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Richard Burrows (Chairman) Nicandro Durante (Chief Executive) |
| Products | Cigarettes |
| Revenue | £14.751 billion (2015) |
| £4.655 billion (2015) | |
| £4.839 billion (2015) | |
| Total assets | $46.45 billion (2016) |
| Subsidiaries |
Tekel Bentoel Group Souza Cruz Niemeyer |
| Website | www |
British American Tobacco plc (BAT) is a British multinational tobacco company headquartered in London, United Kingdom. It is one of the world’s five largest tobacco companies.
BAT has a market-leading position in over 50 countries and operations in around 180 countries. Its four largest-selling brands are Dunhill, Lucky Strike, Kent and Pall Mall, with others including Kool, Benson & Hedges and Rothmans.
BAT has a primary listing on the and is a constituent of the FTSE 100 Index. It has a secondary listing on the Johannesburg Stock Exchange and on the Nairobi Securities Exchange.
The company was formed in 1902, when the United Kingdom's Imperial Tobacco Company and the American Tobacco Company of the United States agreed to form a joint venture, the British-American Tobacco Company Ltd. The parent companies agreed not to trade in each other's domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture. James Buchanan Duke became its chairman and the British American Tobacco business began life in countries as diverse as Canada, China, Germany, South Africa, New Zealand and Australia, but not in the United Kingdom or in the United States.
In China, BAT inherited a factory in the Pudong district of Shanghai from W.D. & H.O. Wills, one of the precursor companies of Imperial Tobacco. Under the management of James Augustus Thomas from Rockingham, North Carolina, USA, by 1919 the Shanghai factory was producing more than 243 million cigarettes per week. Thomas worked closely with the local Wing Tai Vo Tobacco Company, which developed into BAT's principal Chinese partner after its success with the "Ruby Queen" cigarette brand.
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Wikipedia