Company description

British American Tobacco (BTI) is a multinational tobacco company with its headquarters in London, UK. The company was formed in 1902 and has a presence in over 180 countries worldwide. BTI is one of the largest tobacco production companies, with a primary focus on cigarettes, cigars, and smokeless tobacco products. It owns several popular brands, including Lucky Strike, Pall Mall, and Rothmans. The company has a diverse portfolio as it also produces and sells nicotine-containing products like e-cigarettes. Despite facing strict regulations and declining tobacco consumption globally, BTI has managed to maintain steady growth through strategic partnerships and acquisitions. It has a strong market presence in emerging economies like Brazil, Russia, India, and China. Additionally, BTI has implemented sustainable practices and initiatives to reduce its environmental impact, such as investing in renewable energy sources and reducing water usage. Currently, the company is committed to transforming its business to become a leading provider of next-generation products and potentially reduce its dependence on traditional tobacco products.