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Philip Morris to build smoke-free product facility in Germany

Monday, 19 Jun 2017 08:30am EDT

June 19 (Reuters) - Philip Morris International Inc ::Philip Morris International Inc - plans to invest approximately USD 320 million in a new high-tech facility in Dresden, Germany, to produce Heets.Philip Morris International Inc - construction of 80,000 m2 facility is scheduled to begin in late 2017.Philip Morris International Inc - once fully operational in early 2019, factory is expected to employ about 500 people.Philip Morris - new high-tech facility in Dresden, Germany, to produce Heets, tobacco units to be used with electronic tobacco heating device Iqos.

Eastern Co updates on cigarettes production deal with Philip Morris

Tuesday, 16 May 2017 11:19pm EDT

May 17 (Reuters) - Eastern Co ::To produce cigarettes for Philip Morris at $5.8 per 1,000 cigarettes upto less than 15 billion cigarettes.To produce cigarettes at $6.2 per 1,000 cigarettes from 15 billion to 22 billion cigarettes.Any party has right to seek renegotiation on deal after one year .

Imperial Brands and China Tobacco form joint venture

Wednesday, 11 Jan 2017 08:00am EST

Imperial Brands Plc : Joint venture . Subsidiaries of Imperial Brands Plc and China Tobacco have established a long-term joint venture (JV) business . JV will look to develop a variety of growth opportunities in China and international markets . JV will focus on maximising potential of two Yunnan brands, Jadé and Horizon, in markets outside of China . Further tobacco and next generation product launches, as well as potential M&A opportunities, will also be evaluated by GHVL . Jadé joins Imperial's portfolio of specialist brands .Imperial was assisted in transaction by Vermilion Partners and Allen & Overy.


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