Trade British American Tobacco
British American Tobacco PLC (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, founded in 1902, is headquartered in London, England. As of 2019, it is the largest tobacco company in the world based on net sales. BAT has operations in around 180 countries and its cigarette brands include Dunhill, Kent, Lucky Strike, Pal Mall and Rockmans. Its brands also include Vype, Vuse and Glo.BAT have a major listing on the London Stock Exchange and are components of the FTSE 100 index. It has a secondary list on the Johannesburg Stock Exchange. BAT PLC common stock is also listed on the New York Stock Exchange in the form of U.S. depository shares. The company was founded in 1902, when Imperial Tobacco uk and American Tobacco company in the United States agreed to establish a joint venture, British American Tobacco Co., Ltd. The parent companies agreed not to trade in their respective local lands, and to assign trademarks, export companies and overseas affiliates to the joint venture. James Buchanan Duke became president of the company and started business in countries as diverse as Canada, China, Germany, South Africa, New Zealand and Australia, but not in the UK or in the United States.In China, worth a plant in the Pudong area of Shanghai from W.D. & H.O. Aloris, one of the precursor companies of Imperial Tobacco. Under the management of James Augustus Thomas of Lawsonville, Rockingham County, North Carolina, by 1919 it was a factory Shanghai produces more than 243 million cigarettes per week. Thomas worked closely with the local tobacco company Wing Tai Vo, which evolved into bat's main Chinese partner after its success with the Ruby Queen cigarette brand. In 1911, the American tobacco company sold its stake in the company. Imperial Tobaku gradually reduced its stake, but until 1980 the company did not liquidate its remaining stake in the company. At its peak in 1937, BAT manufactured and distributed 55 billion cigarettes in China. The Japanese seized the company's assets in 1941 after their invasion in 1937. In 1949, the company was expelled from China after the establishment of the People's Republic.In in 1976. In 1994 BAT acquired its former parent company, the American tobacco company (although reorganized after antitrust measures). That's what brought the Lucky Strike and Pal Mall brands into bat wallet. In 1999 it merged with Rothmans International, which included a stake in a factory in Burma. This has made it the target of criticism from human rights groups. It sold its stake in the plant in 2003 after an "extraordinary request" from the British government.