Tobacco Giant
In 2007, PMI sold 831 billion cigarettes, or the biggest non-government tobacco company in the world by volume.
With its Operations Center based in Lausanne, Switzerland, it owns 7 of the top 15 tobacco brands in the world and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.
On January 1, 2005, Philip Morris International acquired PT HM Sampoerna Tbk (1st Indonesian biggest tobacco company), PT Nojorono Tobacco International Indonesia (3rd Indonesian biggest tobacco company), PT Karya Dibya Mahardika, and M Nitisemito. Philip Morris International buy stake the four Indonesian tobacco companies from 60% until 100%. And on January 1, 2005, that four Indonesian tobacco companies is the subsidiaries of Philip Morris International.
In February 2010, Philip Morris Philippines Manufacturing Inc. (PMPMI), an affiliate of PMI, and Fortune Tobacco Corporation (FTC) of Lucio Tan have signed an agreement to unite their respective business activities to a new company to be called PMFTC, with each party holding an equal economic interest. The Chairman of PMFTC will be Mr. Lucio Tan, Chairman of FTC. PMI will manage the day-to-day operations of PMFTC.
Distribution companies include British American Tobacco, Imperial Tobacco, and Japan Tobacco.
Read more about this topic: Philip Morris International
Famous quotes containing the words tobacco and/or giant:
“No matter what Aristotle and the Philosophers say, nothing is equal to tobacco; it’s the passion of the well-bred, and he who lives without tobacco lives a life not worth living.”
—Molière [Jean Baptiste Poquelin] (1622–1673)
“So in your discussions of the nuclear freeze proposals, I urge you to beware the temptation of pride—the temptation blithely to declare yourselves above it all and label both sides equally at fault, to ignore the facts of history and the aggressive impulses of an evil empire, to simply call the arms race a giant misunderstanding and thereby remove yourself from the struggle between right and wrong, good and evil.”
—Ronald Reagan (b. 1911)