C&C I
Introduction to Item I - Thursday, 14th May 1987
Tobacco I
Following the proseucacions an Legal Issues, an Smoking Issues, and on
Research and Development, delegates will. be invited to discuss the
following questions:-
I. Are there any new initiatives which the B.A.T Industries Group should
be taking au:-
(a) Product Liability Issues.
(b) Smoking Issues.
Z. The majority of BAT's tobacco L&D resources are being placed behind
short to=, market driven a" cost reduction, objectives, *.S. Actron,
Ultra Slim, Apex, smoke quality improvement, low cost expansion
processes, *cc., and in ensuring an appropriate respects* to smoking
issues. On17 a very minor part of total R&D resources are spent on
the basic, long term research necessary for moco radical product
developmenc. Is the total level of resources (130 million per annum)
adequate, and are the proportions curroucly spent on these objectives
correct?
Tobacco 11
B.A.T Industries' objectives for its tobacco interests should continue to
envisage a real Increase in profitability and cash flow over the no=
decade.
Following a review of market trends, of possible opportunities in monopoly
markets and of SAT's position relative to competitors, delegates will be
invited to discuss:-
1. 'Whether it is accepted that growth prospects in Tobacco are limited
and hence that the main priority =Let be co opcialsa the cash
generation from the business.
2. The options end preferred strategies for achieving the objectives for
Tobacco.
N;
3rd March 1987
C=)
co
BAT Industries document for Province of British Columbia 22 April 1999