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Printed from: http://petersburgcity.com/news/business/2002/02/20/philip_morris/
Business news, 20.02.2002 17:04
Philip Morris International has closed its Philip Morris NevaAccording to the company’s management, opening of Philip Morris Neva in St. Petersburg in 1994 was just a temporary solution – the ultimate goal is to win the maximum possible share of the tobacco market. The closing of the factory is connected with lack of opportunities to extent the production with the present facilities. The maximum production capacity of Philip Morris Neva was 5.5. billion cigarettes a year. At the same time, Philip Morris Izhora, established in 2000 in Leningrad Oblast, is capable to produce 30 billion cigarettes annually.
News source: Rosbalt
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