Profile: Philip Morris International Inc (PM)
7 Jul 2015
Philip Morris International Inc., incorporated on January 4, 2007, is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company's products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. The Company's premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. The Company's local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
The Company's distribution activities are classified as Direct Sales and Distribution, including direct distribution to retailers; Distribution through single independent distributors in a single market; Exclusive Zonified Distribution, where distributors operate in an exclusive territory within a market, and Distribution through national or regional wholesalers that then supply the retail trade. The Company also directly supplies key accounts, including gas stations, retail chains and supermarkets. The Company purchases tobacco leaf of various types, grades and styles throughout the world, the majority through independent tobacco suppliers. It also contracts directly with farmers in countries, including Argentina, Brazil, Colombia, the Dominican Republic, Ecuador, Italy, Kazakhstan, Mexico, Pakistan, the Philippines and Poland. The Company sources tobacco leaf primarily from Brazil, the United States, Indonesia (mostly for domestic use in kretek products), India, China, Turkey, Greece, Argentina, Mozambique, Tanzania and Malawi.
Philip Morris International Inc
120 Park Ave
NEW YORK NY 10017-5577
Company Web Links
- Philip Morris to cut stake in Indonesian unit, could raise over $1 billion
- UPDATE 1-Philip Morris to cut stake in Indonesian unit, could raise over $1 bln-sources
- Philip Morris seeks at least $1 bln from stake sale in Indonesia unit -WSJ
- Czech Philip Morris Q1 revenue falls 17 pct to 2.32 bln crowns
- BRIEF-Czech Philip Morris AGM approves CZK 880/share dividend