Korea's KT&G wins $456m Middle East, Russia deal

South Korean tobacco company signs deal with Alokozay to sell its cigarettes in the Middle East
By Reuters
Wed 15 Dec 2010 11:37 AM

South Korea's biggest tobacco company, KT&G Corp, said on Wednesday it has signed a 520 billion won ($456.5m) deal with Alokozay International Ltd to sell its cigarettes in the Middle East and Russia.

Alokozay International Ltd's website describes the Alokozay group as a major organisation in the tea and cigarette industries.

The site says the group comprises three main companies in the UAE. ($1=1139.0 Won)

 

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