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Philip Morris International Inc

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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