Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO

May 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

TOKYO (Reuters) – Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.