KUALA LUMPUR: British American Tobacco Bhd (BAT) will restructure its business operations by sourcing tobacco products for the local market from other BAT factories regionally.
BAT, in a filing to Bursa Malaysia today, said the restructuring exercise would involve shutting down factory operations in Virginia Park, Petaling Jaya, Selangor.
“Our unit, Tobacco Importers and Manufacturers Sdn Bhd, manufactures tobacco products and semi-finished goods, such as processed tobacco at the factory.
“They will wind down factory operations in stages and aim to complete it by the second half of 2017,” it said.
BAT said the restructuring was in line with efforts to realise a more sustainable business model, amidst an increasingly challenging…
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