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| homepage = [http://www.pmi.com www.pmi.com]
| homepage = [http://www.pmi.com www.pmi.com]
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'''Philip Morris International''' ('''PMI''') ({{NYSE|PM}}) is an international tobacco company, with products sold in over 160 countries. In 2007, it held a 15.6% share of the international cigarette market outside of the USA and reported revenues net of excise taxes of $22.8 billion and operating income of $8.9 billion.
'''Philip Morris International''' ('''PMI''') ({{NYSE|PM}}) is an international cigarette and tobacco company, with products sold in over 160 countries with 15.6% of the international cigarette market outside the United States. Because its products are considered [[addiction|addictive]], the company's operations (and its competitors) are highly controversial and are increasingly the subject of litigation and restrictive legislation from governments concerned about the health impacts of its products.


Until a [[Corporate spin-off|spin-off]] in March 2008, Philip Morris International was an operating company of [[Altria Group]].
Until a [[Corporate spin-off|spin-off]] in March 2008, Philip Morris International was an operating company of [[Altria Group]]. It had its first day of trading on NYSE Euronext’s New York and Paris markets following its spin-off from Altria Group, Inc. as per March 31, 2008.<ref>http://www.nyse.com/events/1206440262533.html</ref> In its first quarter of operations as a separately owned and traded entity from Altria, PMI had sales revenue of $15.6 billion and net earnings of $1.86 billion as compared with $13.2 and $1.45 billion respectively for the first quarter in 2007.<ref>[[Wikinvest:Philip Morris International|PMI 1Q2008 Earnings Release via Wikinvest]]</ref>


With its Operations Center based in [[Lausanne]], [[Switzerland]],<ref>"[http://www.philipmorrisinternational.com/PMINTL/pages/eng/ourbus/Where_to_find_us.asp Where to find us]." Philip Morris International. Retrieved on 19 October 2009.</ref> it owns 7 of the top 15 tobacco brands in the world <ref>{{cite web|title=PMI Factsheet|url=http://www.pmi.com/eng/media_center/media_kit/documents/pmi%20factsheet%202011.pdf|publisher=PMI|accessdate=19 December 2011}}</ref> and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.<ref>http://www.philipmorrisinternational.com/PMINTL/pages/eng/ourbus/Our_employees.asp</ref>
With its Operations Center based in [[Lausanne]], [[Switzerland]],<ref>"[http://www.philipmorrisinternational.com/PMINTL/pages/eng/ourbus/Where_to_find_us.asp Where to find us]." Philip Morris International. Retrieved on 19 October 2009.</ref> it owns 7 of the top 15 tobacco brands in the world <ref>{{cite web|title=PMI Factsheet|url=http://www.pmi.com/eng/media_center/media_kit/documents/pmi%20factsheet%202011.pdf|publisher=PMI|accessdate=19 December 2011}}</ref> and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.<ref>http://www.philipmorrisinternational.com/PMINTL/pages/eng/ourbus/Our_employees.asp</ref>

Revision as of 11:26, 19 December 2011

Philip Morris International
Company typePublic (NYSE: PM)
IndustryTobacco
HeadquartersNew York, New York, USA
Key people
Louis C. Camilleri, Chairman & CEO
ProductsCigarettes
RevenueIncrease$27.208 billion USD (2010)
Increase$11.200 billion USD (2010)
9,048,000,000 United States dollar (2022) Edit this on Wikidata
Total assets41,733,000,000 United States dollar (2022) Edit this on Wikidata
Number of employees
78,300 (2010)
Websitewww.pmi.com

Philip Morris International (PMI) (NYSE: PM) is an international cigarette and tobacco company, with products sold in over 160 countries with 15.6% of the international cigarette market outside the United States. Because its products are considered addictive, the company's operations (and its competitors) are highly controversial and are increasingly the subject of litigation and restrictive legislation from governments concerned about the health impacts of its products.

Until a spin-off in March 2008, Philip Morris International was an operating company of Altria Group.

With its Operations Center based in Lausanne, Switzerland,[1] it owns 7 of the top 15 tobacco brands in the world [2] and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.[3]

Its main brands are Marlboro, Longbeach, L&M, Philip Morris, Red & White, Bond Street, Chesterfield, Parliament, Lark, A-Mild, Morven Gold, Muratti, DJI Sam Soe, Rög, Multifilter and Virginia Slims.

Board of Directors[4]

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Charitable giving

The company says it gives $25 million per year through its own in-house charitable giving department to charitable causes worldwide including domestic violence, emergency housing, education, combating extreme poverty, teaching sustainable agriculture techniques in Africa and so on. [5]

Research and development

PMI has a large research and development program, and declares its priority to be "developing products with the potential to reduce the risks of smoking-related diseases." They explain the focus of the R&D program is reducing the levels of toxic chemical compounds produced during the process of burning tobacco within a cigarette with what they describe as "new, next generation products."[6]

Controversies and public health disputes

In June 2011, Phillip Morris International announced it was using ISDS provisions in the Australia-Hong Kong Biliateral Investment treaty (BIT) to demand compensation for Australia's plain cigarette packaging anti-smoking legislation, despite the fact the legislation is non-discriminatory and addresses a significant public health problem.[7] A Reuters report published in the Sydney Morning Herald cited legal opinion that the case would fail "...as intellectual property rights agreements give governments the right to pass laws to protect public health." The company has also lobbied against Uruguay's strong anti-smoking laws. [8] Philip Morris International has announced an overhaul of its human rights protections of tobacco workers in Kazakhstan and 30 other countries after critical reports.[9]

Government of Pakistan issued notice to Philip Morris

The Director General of Health Services Academy, Government of Pakistan and in charge of Tobacco Control Cell, Dr Asad Hafeez has issued notice to Philip Morris Pakistan for illegally advertising cigarette in some section of print media so that anti-tobacco ordinance could be implemented. According to President’s ordinance titled “ The Prohibition of Smoking in Enclosed Places and Protection of Non-Smokers Health Ordinance, 2002”, no person or company shall advertise tobacco and tobacco products in any media, in any place and any public service vehicle government. But Philips Morris Pakistan has violated government rules, regulations and guidelines and published huge advertisements in some sections of national media.[10]

Government of Pakistan caught Philip Morris for tax evasion

Leading business newspaper of Pakistan "Business Recorder" reported that a leading manufacturer of cigarette of Pakistan evaded millions of rupees taxes. According to officials of Federal Board of Revenue, Government of Pakistan, Philip Morris Pakistan (Former Lakson Tobacco Company) has evaded taxes by short payment of federal excise duty, sales tax and for massive tax evasion in their imported brand Marlboro to the tune of millions on the import of cigarettes. Government of Pakistan also fined Philip Morris Pakistan for this illegality.[11][12]

References

  1. ^ "Where to find us." Philip Morris International. Retrieved on 19 October 2009.
  2. ^ "PMI Factsheet" (PDF). PMI. Retrieved 19 December 2011.
  3. ^ http://www.philipmorrisinternational.com/PMINTL/pages/eng/ourbus/Our_employees.asp
  4. ^ Philip Morris International Board of Directors
  5. ^ "Our Charitable Giving Program". PMI. Retrieved 19 December 2011.
  6. ^ "R&D at PMI". PMI. Retrieved 19 December 2011.
  7. ^ Klya Tienhaara and Thomas Faunce Gillard Must Repel Big Tobacco's Latest Attack. Canberra Times 28 June 2011 http://www.canberratimes.com.au/news/opinion/editorial/general/gillard-must-repel-big-tobaccos-latest-attack/2209168.aspx
  8. ^ Rory Carroll. Urguay Bows to pressure over anti-smoking legislation. Guardian 27 July 2010 http://www.guardian.co.uk/world/2010/jul/27/uruguay-tobacco-smoking-philip-morris
  9. ^ Human Rights Watch May 22 2011 http://www.hrw.org/en/news/2011/05/09/kazakhstan-philip-morris-international-overhauls-labor-protections
  10. ^ http://www.onlinenews.com.pk/details.php?id=186184
  11. ^ http://www.brecorder.com/agriculture-a-allied/single/624/183/1254532/?date=2011-11-24
  12. ^ http://www.onepakistan.com/finance/news/taxation/1947-fbr-issues-notices-to-a-tobacco-company-for-tax-evasion.html

http://www.brecorder.com/general-news/single/599/172/1253177/

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