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:
“You and I both know that Twinkies don’t kill people.... The difference between cigarettes and Twinkies ... is death. The tobacco industry should know: When it comes to Twinkies, I’d rather fight than quit.”
—Henry Waxman (b. 1939)
“In frames as large as rooms that face all ways
And block the ends of streets with giant loaves,
Screen graves with custard, cover slums with praise
Of motor-oil and cuts of salmon, shine
Perpetually these sharply-pictured groves
Of how life should be.”
—Philip Larkin (1922–1986)