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November, 2006

14 Company Profile:
Reynolds American Rolls Forward
By Joseph Finora
The tobacco giant overcomes challenges of the industry through the strength of its brands and an innovative marketing approach - as well as a highly touted entry into the smokeless category.
22 Cigarette Issues:
Downplaying Reynolds' Supply Chain Blues
By E. Edward Hoyt III
A shortage of packaging jammed up product shipments at Reynolds American, sending a ripple effect throughout the supply chain. The company says the problem won't affect earnings, but some believe it is more serious than they admit.
24 Market Watch:
Far East Cigarette Trade Becoming More Competitive
By Joseph Finora
While total cigarette imports into the region remain strong, exporters are finding the region's playing field to be increasingly challenging.
30 Flue Cured:
U.S. Flue-Cured Continues to Rebound With Exports Up Significantly
By John Parker
Shipments of flue-cured tobacco to China and Europe help account for an overall 75% increase during the January through August, 2006 period.
38 Leaf Business:
Weather Wreaks Havoc with U.S. Leaf Estimates
By Chris Bickers
Drought conditions and Hurricane Ernesto contribute to leaf projections that are falling far short of original estimates - perhaps as much as 20% according to one growers' cooperative.

D e p a r t m e n t s

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