"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.
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 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.
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.