The Iranian factory will produce TDR brands such as "Respect" which is already on the Iranian market but also develop a new brand with its Iranian partner." (AFP, "Croatian Tobacco Company to Build Iranian Factory," 2/19/10) (http://www.google.com/hostednews/afp/article/ALeqM5gcKV275vD0gBhit7W7RmNO0m5Rlg)
TDR said the investment 'strengthens its position as one of Croatia's biggest exporters.' Overseas sales account for about 50 percent of the company's revenues.
TDR will build the factory, which is to produce 6.5 billion cigarettes a year, in the northern Iranian town of Sari with the Iranian Tobacco Company as a local partner.
"Croatian tobacco company TDR, one of the Balkans' biggest tobacco firms, on Friday announced a 30-million euro (40-million-dollar) investment to build a factory in Iran.