Market Overview

Philip Morris International to Invest up to €500M in Italy Plant

Related PM
10 Biggest Price Target Changes For Friday
Benzinga's Top Upgrades, Downgrades For July 20, 2018
Philip Morris roars back from post-earnings dip (Seeking Alpha)

Philip Morris International (NYSE: PM)
today announced an investment of up to €500 million into its first
manufacturing facility in the European Union and an associated pilot
plant near Bologna, Italy to produce its potentially reduced-risk
tobacco products. Once fully operational, the factory and pilot plant
combined annual production capacity is expected to reach up to 30
billion units by 2016.

See full press release

Posted-In: News Guidance Contracts Management Global


Related Articles (PM)

View Comments and Join the Discussion!