Locked-down smokers around the world are proving to be a boon for the Dominican Republic’s cigar and tobacco industry.
In 2018, Swisher — the maker of Swisher Sweets and premium cigars — moved part of its production from the U.S. to the Dominican Republic. Earlier this year, Imperial Brands PLC sold its Dominican premium cigar plant to a group of private equity investors as part of a $1.5 billion deal.
Already the world’s largest cigar producer, the Caribbean nation is on track to export a record $1 billion worth of tobacco products this year. That would represent a 6% jump over the $942 million it sold abroad in 2019, according to government figures.