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Philip Morris International Inc

Philip Morris Izhora, CJSC announced the implementation of an investment project for localization an innovative product category by Philip Morris International.

As part of the project, the Company intends to invest RUB 2.494 billion in the period of 2017–2018 to create and modernize the production facilities designed for production in the Leningrad Region of heated tobacco sticks for the electric tobacco heating system – IQOS. At the same time, it is planned to revamp the Philip Morris International’s factory with new production, laboratory and engineering equipment.

25 May 2017
http://expertnw.ru/

OAO Philip Morris Kuban, owned by one of the world’s largest manufacturer of tobacco goods, plans to invest $30 million in the modernization of its production facilities and infrastructure in 2015–2017. The respective agreement was signed by the company, Ministry of Agriculture and Processing Industry of the Krasnodar Region and the administration of the City of Krasnodar municipal entity as part of the International Investment Forum in Sochi.

“We have no doubts about the future of the Russian economy, and even in the tough economic conditions we continue investing in production upgrade,” said Sergey Slipchenko, corporate vice president of the Philip Morris International affiliates in Russia.

02 October 2015
ITAR TASS
Investor
30.0 mln
Leningrad region, Krasnodar region

Investor profile

Philip Morris International Inc

USA

Company's website: www.pmi.com

T: +1 917 663 2233

Public company

E-mail: InvestorRelations@pmi.com

Contact: André Calantzopoulos, CEO

Philip Morris International (PMI) is a leading international tobacco company that markets its products in more than 180 countries. In 2014, the company accounted for approximately 15.6% of the global cigarette market outside the USA, or 28.6% of the global market excluding the People’s Republic of China and the United States.

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