About Tanzania Cigarette Company
We were formed in 1999 when our parent company JT Group acquired the non-US operations of R.J.Reynolds. Since then, our international workforce has driven two decades of growth.
Today, we have more than 40,000 employees driving our success all over the world. Our mission is to nurture our internationally recognized brand roster while leading the way in Reduced-Risk Products and new ways of doing business.
We are committed to making our business not only the fastest growing of its kind, but also the most innovative and sustainably run
Tanzania Cigarette Company Ltd. (“TCC”; DSE: TCC) is a tobacco company operating in Tanzania. The company started operations in 1961 as the East African Tobacco. Years later the government bought a large stake in the company and nationalized the company during the Ujamaa movement in 1975.
TCC has been listed on the Dar es Salaam Stock Exchange since 16 November 2000. 75% of the company is owned by Japan Tobacco International.
Incorporation
The Company was established as East African Tobacco in 1961. The factory was officially opened by Mwalimu Julius K. Nyerere on December 4, 1961. The Company now British American Tobacco (BAT) operated the company post-independence. In 1967, the government of Tanzania acquired a 60% stake in the company. During the socialist movement in Tanzania, in 1975 the government acquired the renaming 40% of the stake from the company and becomes the sole owner of the company. The company is renamed to Tanzania Cigarette Company ltd.
Privatization
After years of poor operation and management, the government sells 51% of its stake in the company to RJ Reynolds in 1995. As part of its purchase of some of the assets of RJ Reynolds in 1999, Japan Tobacco Inc. (JT) acquired a 51% interest in TCC. In September 2000, JT purchased an additional 24% of the shares through its international tobacco division, Japan Tobacco International (JTI), increasing its holdings to 75% of the shares.
Public offering
Months after the acquisition of TCC by Japan Tobacco International, TCC was listed on the Dar Brouse with JTI still holding a 75% majority stake.
Nine world renowned brands make up the core of our brand portfolio. Each possesses its own distinct character and heritage, brought together under our unrivalled commitment to quality.
We were created in 1999 when Japan Tobacco Inc purchased the non-US operations of R.J. Reynolds (RJRI) – yet we have roots in many of the most famous tobacco companies around the world, with a global heritage that can be traced back to the late 16th century
We think this makes us unique. We’re a forward-looking business but we also appreciate and are aware of our place in history. Our lineage encompasses Austria Tabak, founded by Emperor Joseph II in 1784, and Gallaher, which began life in Londonderry, Ireland in 1857. These are just two of the notable tobacco companies whose legacy we’re proud custodians of.
Part of being a sustainable business means creating, growing and innovating outside of our traditional tobacco products offering. Our innovative brands Ploom and Logic are at the forefront of the vaping tobacco products market.
Tanzania Cigarette Company Location and Contact Information
Tanzania Cigarette Company Limited (TCC.tz)
Dar es Salaam
Head Office Plot n° 20
Nyerere Road
P.O. Box 40114
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