23 October, 2020, 3:14 am Central - 21°C Clouds

British American Tobacco opens new $1.3m excise bonded warehouse

British American Tobacco opens new $1.3m excise bonded warehouse

By Shanil Singh
Saturday 20/06/2020
Minister for Commerce, Trade and Tourism Faiyaz Koya opening the new BAT Warehouse excise bonded warehouse. [image: Fijian Govt]

Minister for Commerce, Trade and Tourism, Faiyaz Koya says the new $1.3 million British American Tobacco excise bonded warehouse will allow for greater storage space, improved logistical routes for faster deployment and for full stock transparency.

While officiating at the opening, Koya says the bonded warehouse is a phenomenon that has risen over the years around the world.

With the capacity to store 50 different stock-keeping units, Koya says this facility will provide storage space for British American Tobacco products before they are released into the domestic and export markets.

He says British American Tobacco signed up more than 600 Fijian farmers this year to grow tobacco leaf to meet increased production demands.

Koya says this signifies the commitment towards supporting Fijian farmers, imparting economic diversity and building a resilient supply chain.

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