About the Company
Founded in 2008, Philip Morris International Inc., also known as PMI, is a multinational tobacco and cigarette manufacturing company. It is headquartered in Lausanne, Switzerland and markets its products to more than 180 countries worldwide. The company has over 100 operations located in more than 60 countries, like Germany, Italy, Spain, Belgium, the United Kingdom, Sweden, Netherlands, France, Israel, the United States, Colombia, India, etc. As of 2020, it has a workforce of more than 73,500 employees, among which, over 430 are dedicated research and development engineers, scientists and technicians. The company manufactures products like cigars, cigarettes, snuff, fine-cut rolling tobacco, rolling papers and tubes.
As of 2021, it offers more than 130 brands, such as Muratti, L&M, Dji Sam Soe, Jackpot, Sampoerna A, Lark, Philip Morris, Chesterfield, Belmont, Merit, Next, Bond Street, Fortune, Canadian Classic, Red & White, etc. The company's most popular brand is Marlboro, one of the world's best-selling international cigarette brands. PMI also manufactures smoke-free products. It's heated tobacco system IQOS has helped more than 11.7 million individuals refrain from smoking. Some of its other smoke-free products are STEEM, TEEPS and E-vapour.
This company’s history roots back to a London-based tobacconist named Philip Morris. In 1847, Morris opened a single shop in Bond Street and sold cigarettes and tobacco. It was not until 1881 when a proper company was opened by Philip's son, Leopard Morris, and Joseph Grunebum. This company was named Philip Morris & Company and Grunebum Ltd. The company was later renamed and came to be known as Philip Morris & Co. Ltd. in 1885. Later, the Curtis Thompson family took over the company by 1894. Philip Morris International was established just as an operating company under Philip Morris Companies Inc. It shifted its headquarters from New York to Switzerland in 2001, and by 2003, the company officially changed its name to The Altria Group.
In 2008, Philip Morris International formally spun off from Altria and began to operate independently. It trades in both the SIX Swiss Exchange and New York Stock Exchange under the ticker symbols “PMI” and “PM”. The company is also a component of both the S&P 500 and S&P 100 indices. It entered the Fortune 500 list in 2009. In 2020, Fortune also awarded it a position in the list of Global 500 companies.;
|Organisation||Philip Morris International Inc|
|HeadQuarters||New York, NY|