Philip Morris Companies Inc
Philip Morris Companies Inc is one of the biggest world tobacco, food and beverage corporations. On January 27, 2003 it chances its name to “Altria Group, Itc”. Now this corporation owns 100% of Philip Morris USA (PM USA), Philip Morris International (PMI) and Philip Morris Capital Corporation. Also it has is the main stock holder of the Kraft Foods (81%) and 28.7 % of SADMiller plc. This company offered work places for more than 80,000 employers.
The biggest subsidiary of the Altria Corporation is Philip Morris Company who’s the world - giant company in selling tobacco products. PM is the parent of legendary Marlboro cigarette brand, along with Parliament, Virginia Slims and Benson&Hedges.
Philip Morris USA, a totally property of Altria group, firstly has its residence in New York, but in 2003 it moved to Richmond, Virginia. The best cigarette brands that produced by Philip Morris USA are: Marlboro, Virginia Slims, Benson & Hedges, Merit, Parliament, Alpine, Basic, Cambridge, Bristol, Bucks, Chesterfield, Collector’s Choice, Commander, English Ovals, Lark, L&M, Players and Saratoga.
Philip Morris International, also abbreviated PMI, is the company that belongs also to “Altria”, is located in Lausanne, Switzerland. Due to its premium tobacco products, as Marlboro and L&M, this company achieved the world recognized status. Its more than 50 tobacco factories are spread around the entire world. Philip Morris International cigarette brands are put up for sale in more than 160 countries. In 2005, this company control more than 15% of the international cigarette market.
It started in the 19th century, when Philip Morris, a small tobacco manufacturer, began the sale of its cigarette brands in a small store. Now this business turns into the company with global renowned cigarette brand.
The highest achievement of Philip Morris International was in 2005. The company selling grows 5.7% to 804.5 billion units, realized on tobacco markets of Indonesia Sampoerna and Columbia. Only the cigarette brand Marlboro noted an increase of 2.0% to 322.1 billion units sold on the market of the Eastern Europe, the Middle East, Africa and Japan. This high request of the smoking brand Marlboro were present in such big market as that of Egypt, France, Japan, Mexico, Portugal, Russia, Turkey, Ukraine and the United Kingdom. Only in 2005 the financial budget that was amassed as result of this immense cigarette marketing brings to Philip Morris International billions dollars.
The most profitable markets of selling Philip Morris tobacco products are four key states: of France, Germany, Italy and Spain. On the cigarette selling in his regions PMI realize 2/3 of the entirely economic budget. From Easter Asia Philip Morris International get 18% of its profitability. The leading place that registered the biggest request is the cigarette market of Japan (who is international leaders of the tobacco sale).
On December 21, 2005 the China National Tobacco Corporation and Philip Morris International sign an agreement about license producing of Marlboro cigarettes brand in China. The last innovation in the further development of Philip Morris Int was the purchasing of additional percentage of the Lackson Tobacco. In such a way the stockholders of PMI control approximately 90% of Lackson Tobacco.
In October 2008, Philip Morris acquired all outstanding shares of Rothmans Inc, located in Canada, taking full ownership of Rothmans, Benson & Hedges. Philip Morris International spins off from Altria, becoming the world’s leading international tobacco company and the fourth largest global consumer packaged goods company. Philip Morris Inc acquires Rothmans Inc. of Canada and the fine-cut trademark Interval and acquired Swedish Match AB to commercialize smoke-free tobacco products worldwide.
By Steve Shepherd, Staff Writer. Copyright © 2011 Cigarette-Store.org. All rights reserved.