Philip Morris International
 |
|
| Public | |
| Traded as | |
| Industry | Tobacco |
| Founded | 1900 |
| Headquarters | New York City, New York, USA |
|
Area served
|
Worldwide (excluding the United States) |
|
Key people
|
Louis Camilleri (Chairman) André Calantzopoulos (CEO) |
| Products | Cigarettes, cigars, Codentify, fine-cut rolling tobacco, snuff, rolling papers and tubes |
| Revenue |
 US$80.106 billion (2014) |
 US$11.702 billion (2014) |
|
|
US$7.658 billion (2014) |
|
| Total assets |
US$35.187 billion (2014) |
| Total equity |
US$12.629 billion (2014) |
|
Number of employees
|
82,500 (2014) |
| Subsidiaries |
Sampoerna PMFTC, Inc. Rothmans, Benson & Hedges Papastratos Philip Morris International |
| Website | www |
Philip Morris International Inc. (PMI) (: PM) is an American global cigarette and tobacco company, with products sold in over 180 countries outside the United States. The most recognized and best selling product of the company is Marlboro.
Until a spin-off in March 2008, Philip Morris International was an operating company of Altria Group. Altria explained the spin-off, arguing PMI would have more "freedom" outside the constraints of US corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets.", while Altria focuses on the United States. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets.
The company's operational headquarters are in Lausanne, Switzerland, although the corporate headquarters remain in New York. It does not operate in the United States, with Philip Morris brands there still owned by PMI's former owner Altria.
Because tobacco, the main constituent of cigarettes, is the single greatest cause of preventable death globally and is addictive, the company's operations (and its competitors') are highly controversial and are increasingly the subject of litigation and restrictive legislation from governments concerned about the health impacts of its products.
Philip Morris is a long-term main sponsor of the Scuderia Ferrari Formula One team.
The company states its history is traced to a London tobacconist's, Philip Morris’s, 1847 opening of a single shop on London’s Bond Street which sold tobacco and cigarettes.
The current operations center of the company is located in Lausanne, Switzerland; it owns 7 of the top 15 tobacco brands in the world.
In April 2014, Philip Morris announced that it would close its Moorabbin plant in Australia by the end of 2014 after operating for 60 years, due to the gradual decline of sales in the last ten years and difficulties conforming to 2010 Australian government regulation about reducing fire risks.
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Wikipedia