Philip Morris' (PM) New Investment to Fuel Smoke-Free Growth?
PMI(PM) ZACKS·2024-07-17 22:41
Philip Morris International Inc. (PM) is pretty much on track toward a smoke-free future. The company unveiled a $600 million investment through one of its U.S. affiliates to open a leading-edge manufacturing facility in Aurora, CO. This facility, set to produce Swedish Match ZYN nicotine pouches, aims to cater to the burgeoning global demand for smoke-free products (from legal-age consumers). The construction of this facility is expected to begin later this year, with preliminary operations likely to begin ...