Phillip Morris to boost production in Russia

RosBusinessConsulting Database
February 18, 2005 Friday 2:54 am, EST

The Leningrad Oblast’s Phillip Morris plant wants to become the
largest tobacco factory in Russia by increasing production by 40
percent in 2005, up from the 50bn cigarettes output last year, the
St. Petersburg Times said citing the company’s report. The total
cost of expanding existing facilities, which is a necessary step to
boost production, is estimated at $240m, Guy Guffers, Phillip Morris’
production director, was quoted as saying. Initially the Phillip
Morris Izhora (PMI) factory was built in the Leningrad region with
an investment of $360m. The factory is a fully-owned subsidiary of
Phillip Morris and produces the Marlboro, Parliament, Virginia Slims,
L&M, Chesterfield and Bond Street brands.

Phillip Morris operates two factories in Russia and exports production
to Ukraine, Belarus, Armenia, Moldova and Kazakhastan.