TDR

TDR, the leading cigarette manufacturer in South-eastern Europe, bought a 25 percent stake in Veletabak, one of the leading distributors in Serbia. Veletabak has also become the exclusive distributor of TDR’s products on the Serbian market.

TDR, the leading Croatian and regional cigarette manufacturer, is expanding its operations to the Iranian market. As agreed with the Iranian tobacco manufacturer, Iranian Tobacco Company, and the largest local distributor, Dokhan Parsian Co., TDR has obtained import license for its cigarettes and will transfer its technology and know-how in production and processing of tobacco from the fields of Podravina to Iran.

TDR expands operations in Italy where the first quantities of the most famous Croatian cigarette, Ronhill, were exported to. Ronhill has entered the challenging Italian market with Rich, White, Slims and Slims Menthol extensions.

Adris grupa has bought the hotel complex on the Katarina island, situated in the immediate vicinity of Rovinj. This investment secures an imporant element in the Company's plans to create the most luxurious destination on the Adriatic, also to include the renovated hotel complex Park and the future Grand Hotel Rovinj, whose development is planned on the premises of the former TDR factory in the town of Rovinj.

On the 11th of March 2008 in Kanfanar a representative of Lloyd's Register, Mr. Veljko Mahmet, presented TDR's Chief Executive Officer, Davor Tomašković, with the certificate for ISO 14001 environmental management systems which was approved on the 14th of February 2008.

Total revenue of Adris Grupa amounted to 2.188 billion HRK in 2007, representing a 10-percent increase compared to 2006, according to preliminary business results.

Along with the tobacco producers from its tobacco-growing area, the TDR company Hrvatski duhani has gathered numerous local and international business partners...

On the tobacco fields of Hrvatski duhani in Podravina and Slavonia, with the total production area of about 4.300 hectares, about 50 percent of the total expected this year's tobacco harvest...

One year and a half after the beginning of construction, within the planned timeframe, TDR's new production halls in the industrial zone of Kanfanar became operational in mid-March, processing the first batch of tobacco and producing first cigarettes for the market.

TDR d.o.o., the largest tobacco company in the region which operates within Adris Grupa, decided not to submit a bid to buy the state-owned share of Duhanska Industrija Senta, a company which produces and processes tobacco.

In order to maintain the standard of quality of its prestigious new brand Avangard, a new-generation cigarette featuring innovative filtration technology of the Seletec filter, TDR has continued purchasing finest virginia and burley tobacco in the United States.

The Supervisory Board of Hrvatski duhani named Mirko Boić its new general manager at today's meeting held in Rovinj. At his own request, the former general manager Vlado Drvenkar was relieved of duty and left the company based on mutual agreement.

In accordance with the decision of the Board of Adris grupa concerning the new structure of the tobacco division and establishment of the executive director function for operational management, Davor Tomašković will enter on the functions of the Chief Executive Officer of the tobacco business unit.