Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported plans to capture a 10% share of US tobacco and heated tobacco unit volume by …
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Philip Morris International
Philip Morris International (PMI), the leading tobacco firm, has announced plans to invest $232 million to expand production capacity for Zyn nicotine pouches at its Owensboro facility in Kentucky, creating 450 direct and 410 indirect jobs. This investment will be made by PMI’s Swedish Match affiliates, following a $600 million investment in July to set up another nicotine pouch production facility in Aurora, Colorado. The Aurora facility and Kentucky expansion …
Philip Morris International (PMI), the leading tobacco firm, has announced it will be continuing its partnership with South Korean tobacco and nicotine manufacturer KT&G as the two companies look to “extend and deepen” their collaboration. The agreement, which covers 15 years, will allow PMI to continue commercialising innovative smoke-free devices and consumables on an exclusive worldwide basis (except South Korea), the company said. PMI CEO Jacek Olczak commented: “We have …
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. “We are delighted to have obtained over 90 percent ownership of Swedish Match, allowing us …
Multination tobacco manufacturer Philip Morris International (PMI) has announced the launch of Bonds by Iqos, its latest heat-not-burn tobacco system to be used with specially designed tobacco sticks, Blends. The product offers an alternative to consumers who want to “replace cigarettes with innovative, science-based, smoke-free alternatives”. “Providing a range of alternatives to continued smoking—with a variety of taste, technology, usage, and price options—is imperative and helps us to address a …
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between the two companies for the commercialization of heat-not-burn products in the USA was established in …
Tobacco manufacturer Philip Morris International (PMI) has announced the acquisition of Fertin Pharma for DKK 5.1 billion (approximately USD 820 million). Fertin Pharma is a leading developer and manufacturer of innovative pharmaceutical and well-being products, specializing in the research, development and production of gums, pouches, liquefiable tablets, and other solid oral systems for the delivery of active ingredients, including nicotine. The company has more than 850 employees in its facilities …
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