Mighty Corp, a Bulacan-based tobacco manufacturer aims to
purchase 10 million kilograms of tobacco products worth millions of pesos from
farmers in Northern Luzon .
This is according to executive vice president of Mighty,
Oscar Barrientos. In the letter of intent that was sent to National Tobacco
Administration administrator Edgardo Zaragoza that Wongchuking-owned company
will buy tobacco from farmers 100 percent more than the five million kilograms
his firm bought in 2013.
“This is to assure our tobacco farmers of our willingness to
help in response to the published report of the market leader in the tobacco
industry to lessen production this year,” Barrientos added.
Mighty’s market shares surged to 20 percent of the
low-priced cigarette brands in which resulted in paying P8.2 billion in excise
taxes.
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