Profile: Philip Morris International Inc (PM.N)
28 Jun 2016
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 over 180 markets. The Company's segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company's premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. The Company's local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
The EU Region operates from Lausanne, Switzerland, and covers all the EU countries and comprises Switzerland, Norway and Iceland, which are linked to the EU through trade agreements. The EEMA Region also operates from Lausanne and includes Eastern Europe, certain Balkan countries, Turkey, the Middle East and Africa, and the Company's international duty free business. The Asia Region operates from Hong Kong and covers all other Asian markets, as well as Australia, New Zealand and the Pacific Islands. The Latin America & Canada Region operates from New York and covers the South American continent, Central America, Mexico, the Caribbean and Canada.
The Company's distribution activities include Direct Sales and Distribution, where it distributes directly to the retailers; Distribution through Independent Distributors who also are distributing other fast-moving consumer goods and are responsible for distribution in a single market; Exclusive Zonified Distribution, where the distributors are engaged in tobacco products distribution and assigned to exclusive territories within a market, and distribution through national or regional wholesalers that then supply the retail trade. 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 several countries, including Argentina, Brazil, Colombia, the Dominican Republic, Ecuador, Italy, Kazakhstan, Mexico, Pakistan, the Philippines and Poland.
Philip Morris International Inc
120 Park Ave
NEW YORK NY 10017-5577
Company Web Links
- Slowdown in filters unit forces Essentra to cut forecast
- BRIEF-Philip Morris International declares regular quarterly dividend of $1.02 per share
- Wall St. pours money into consumer staples as valuations climb
- Wall St pours money into consumer staples as valuations climb
- BRIEF-Philip Morris Intl comments on English Court's plain packaging decision