Swedish Match beefs up new plant in race for nicotine pouch market
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STOCKHOLM (Reuters) - The tobacco group Swedish Match will increase production capacity again for its new and fast-growing tobacco-free nicotine pouch product, it said on Wednesday, as it reported an unexpected drop in fourth-quarter earnings. Operating profit was 1.1 billion crowns (87.81 million pounds) against 1.2 billion a year earlier. Adjusted for an impairment charge related to Swedish Match's European chewing tobacco business, profit did, however, grow slightly more than expected, as..