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Philip Morris International To Invest Up To €500 Million In Reduced-Risk Product Manufacturing Facility In Italy

Separately, PMI in December 2013 established a strategic framework with Altria Group, Inc. (“Altria”) under which Altria will make available its e-cigarette products exclusively to PMI for commercialization outside the United States. PMI plans to enter the e-cigarette market in the second half of 2014.

Philip Morris International Inc .

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world’s top 15 international brands, including Marlboro outside the U.S., the number one cigarette brand worldwide. PMI’s products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People’s Republic of China and the U.S. For more information, see www.pmi.com.

Copyright Business Wire 2010
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