Profile: Universal Corp (UVV)
24 Mar 2017
Universal Corporation, incorporated on June 8, 1992, is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company's segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services. North America, South America, Africa, Europe and Asia are involved in flue-cured and/or burley leaf tobacco operations for supply to cigarette manufacturers. The Dark Air-Cured group supplies dark air-cured tobacco to manufacturers of cigars, pipe tobacco and smokeless tobacco products. The Oriental business supplies oriental tobacco to cigarette manufacturers. Special Services segment includes the Company's laboratory services business, which provides physical and chemical product testing and smoke testing for customers, as well as its liquid nicotine joint venture and its food and vegetable ingredients business.
The Company, through its subsidiaries and affiliates located in tobacco-growing countries around the world, contracts, purchases, processes and sells flue-cured and burley tobaccos, as well as dark air-cured and oriental tobaccos. Flue-cured, burley and oriental tobaccos are used in the manufacture of cigarettes, and dark air-cured tobaccos are used in the manufacture of cigars, smokeless and pipe tobacco products. The Company also provides value-added services to its customers, including blending, chemical and physical testing of tobacco, service cutting for select manufacturers, manufacturing reconstituted leaf tobacco and managing just-in-time inventory. In addition, the Company is also engaged in other agribusiness.
The Company conducts its business in various countries, including Bangladesh, Brazil, the Dominican Republic, Germany, Guatemala, Hungary, India, Indonesia, Italy, Malawi, Mexico, Mozambique, the Netherlands, Nicaragua, Paraguay, the People's Republic of China, the Philippines, Poland, Russia, Singapore, South Africa, Spain, Switzerland, Tanzania, the United Arab Emirates, the United States and Zimbabwe. In addition, its oriental tobacco joint venture, Socotab, L.L.C., has operations in Bulgaria, Greece, Macedonia and Turkey.
The Company's processing of leaf tobacco includes grading in the factories, blending, removal of non-tobacco material, separation of leaf from the stems, drying, packing to precise moisture targets for proper aging, as well as temporary storage. Dark tobaccos are used in the manufacture of cigars, pipe tobacco and smokeless tobacco products, and as components of certain roll-your-own cigarette products. The Company contracts directly with tobacco farmers or tobacco farmer cooperatives.
The Company competes with Alliance One International, Inc.
9201 Forest Hill Ave
RICHMOND VA 23235-6865
Company Web Links
- BRIEF-Universal Corp CFO returns from temporary medical leave of absence
- BRIEF-Universal Corporation reports Q3 earnings per share $1.92
- BRIEF-Universal Corp announces update of conversion rate for mandatory conversion of its series B 6.75% convertible perpetual preferred stock
- BRIEF-Universal Corp CFO to take temporary medical leave of absence
- BRIEF-Universal Corp announces mandatory conversion of series B 6.75 pct convertible perpetual preferred stock