Smart History

Philip Morris International has invested a total of 700 million euros in the Greek factory, and IQOS cartridges have become the largest tobacco product exported from Greece to Japan

Philstar reported on April 14 that PMI is accelerating its global strategic transformation to new tobacco products by continuing to increase its investment in its Greek subsidiary, Papastratos. Since 2017, PMI has invested a total of €700 million to upgrade its plant in Aspropyrgos, Greece, into a core manufacturing site for "IQOS" and "Terea" heat-not-burn tobacco products, which are currently exported to more than 40 countries. In early April, Katerina Chatzopoulou, Papastratos' Corporate Communications Manager, highlighted the company's commitment to new tobacco products, which is in line with PMI's core corporate stance. "If you don't smoke, don't start; If you smoke, quit as soon as pos... [Read more]

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