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China Kangtai signs deal with two duty-free companies in Germany

RBR Staff Writer Published 29 September 2011

China Kangtai Cactus Biotech has signed sales agreements with Apollo Duty Free Shop and Tobosst Duty Free Shop - two duty-free retailers in Frankfurt - to sell Kangtai's cactus-based Sheng Cao cigarettes in Germany.

China Kangtai Cactus Biotech expects revenue of EUR2.7m annually ($3.7m) from the German market.

The company has also invited several German tobacco dealers to help improve the taste and smell of Sheng Cao and enhance its quality.

Moreover, the company has initiated discussions with the two duty-free companies about possible sales of cactus powder and neutraceuticals.

Apollo's retail store located at Romerberg in Germany serves 100,000 customers annually and has monthly sales of around EUR1m.

Tobosst's retail stores, along the Main River, sell luxury products such as watches, furniture, and tobacco products and have annual revenue over EUR10m.