Home News Philip Morris to convert Romanian factory – Philip Morris International Inc. (NYSE:PM)

Philip Morris to convert Romanian factory – Philip Morris International Inc. (NYSE:PM)

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Philip Morris International (NYSE:PM) says it plans to invest approximately €490M to transform a cigarette production factory in Romania into a high-tech facility to manufacture HEETS, the tobacco units used with the electronic tobacco heating device IQOS.

The conversion of the factory into a HEETS production facility is expected to be completed by 2020.

Romania will join a growing list of countries where the company manufactures heated tobacco units for IQOS.

Source: Press Release



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