Tag Archives: Philip Morris

Philip Morris International is Called Europe’s Top Employer

Philip Morris International, tobacco company that produces Marlboro Red cigarettes, on February 10 was named top employer in Europe. The company is best employer three years in line due to implementation of highest standards of excellence in its working environment. Besides this, PMI’s affiliates were called leading employers in 15 countries in Europe . The estimation was made by Top … Continue reading Continue reading

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Tobacco Companies Increase Their Cigarettes Prices

Prices on cigarettes in the USA go up again, because three major tobacco makers continue trying to get revenue in spite of smoking volumes drop. R.J. Reynolds Tobacco Co., Philip Morris USA and  Lorillard Inc. increased list prices on their cigarettes by 7 cents a pack. The last price increase occured in May current year. To note that list price … Continue reading

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Latest Data on Philip Morris Earnings

Philip Morris International investors recently faced particular difficulties due to difficult situation on global tobacco industry. Entering the recent quarter, investors got anxious when Philip Morris reduced its profit forecast for the full year. Company told that the major causes for it are currency upswings and cigarette volumes drop which resulted in factory closures. In July the company’s report helped … Continue reading

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Altria Sells Cigarette Plant for $68.5 Million

Philip Morris USA sold last week its cigarette plant in Concord, N.C. for a price of $68.5 million to Victory Industrial Park.  The plant was inactive for five years and it  includes 3.5 million square feet of buildings. Altria Group Inc., the Philip Morris parent company, in 2009 closed the plant in the city of Concord and Cabarrus County north … Continue reading

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Philip Morris to Move its Australia Production to Korea

Tobacco giant Philip Morris, the maker of Marlboro cigarettes, last week told that by the end of current year it stops manufacturing cigarettes in Australia and moves production to Korea. Philip Morris company has been making cigarettes at its Melbourne, Moorabbin plant for around 60 years. Almost 180 factory workers are going to lose their jobs. However, representatives of Philip … Continue reading

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Top Five Leading Tobacco Companies in the World

1. Altria/Philip Morris USA – $23.8 billion revenue Besed in the USA, Altria Group Inc. was known at the beginning as Philip Morris Companies Inc.  Altria is the parent company of Philip Morris USA,  Philip Morris Capital Corporation, US Smokeless Tobacco Company, John Middleton Inc. and Chateau Ste. Michelle Wine Estates. Altria earned revenues of $23.8 billion, with a net … Continue reading

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Altria Group Maintains Its Stands

Altria Group Inc is the maker of the famous Marlboro cigarette brand, that is sold in the U.S. and many countries of the world. Altria Group owns Philip Morris USA, the leading cigarette manufacturer in the U.S. In 2008, it spun off Philip Morris International in order to increase opportunities in other countries. However, in spite of this, Altria Group … Continue reading

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Philip Morris to Buy Russian Stake

In order to increase volumes, tobacco companies try to invade new markets. Thus two giant tobacco manufacturers, Philip Morris International and Japan Tobacco International, have declared that they have agreed to buy minority stakes in their Russian distributor Megapolis. Megapolis is main distributor of cigarettes in Russia, with 70% share in the Russian tobacco market. It has agreements with world … Continue reading

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Philip Morris Expects Below-Target Profit Growth in 2014

Philip Morris International Inc., the world’s largest tobacco company famous for making Marlboro cigarettes brand, declared that in 2014 its per-share profit would raise more slowly than the company planned because shipments to Russia and Europe do drop. The company representatives told recently that in 2014 per-share profit excluding currency swings will raise from 6% to 8%. Its long-term target … Continue reading

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Philip Morris Presented Its Latest Report

At the beginning of this week Philip Morris International Inc. the leading tobacco company, announced about its profit rise by 5%. Respresentatives of the company say that higher prices helped to equalize drop in the number of cigarettes it sold. In the quarter that ended on September 30, the manufacturer of Marlboro cigarettes and many other cigarette brands reported an … Continue reading

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