Richmond, Va. based Altria Group Inc. said Monday that the property in Cabarrus County was sold last week to Victory Industrial Park LLC. The property includes 3.5 million square feet of buildings, including the old cigarette manufacturing facility, warehouses and a utility plant. According to county records, it was sold for $68.5 million. In 2009, Altria closed the factory that employed 2,500 and moved all of its cigarette manufacturing to its Richmond plant to bring its capacity in line with falling demand for cigarettes industrywide. The maker of Marlboro cigarettes in the U.S. saw its overall... Read More.

MENTHOL CIGARETTES may be banned throughout the European Union from later this decade, under an accord reached by the EU’s health ministers in Luxembourg today. The ministers, chaired by Ireland’s James Reilly, agreed that a forthcoming directive on tobacco sales throughout the EU would forbid the sale of menthol cigarettes in each state. European health commissioner Tonio Borg described the deal forged by Ireland, where member states adopted a common approach to the tobacco directive, as the «jewel in the crown» of its European Council presidency. He described the debate... Read More.

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