Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Philip Morris International Inc. (PMI) is a Swiss-American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often referred to as one of the companies comprising Big Tobacco.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Top 100 largest companies in Russia by revenue

Top 100
Revenue, mln.USD
6601
Plants
3
Staff
4100
Capital, mln.USD
2131
Taxes, mln.USD
4756
Glob.Revenue, mln.USD
31405

Main brands: Parliament, Marlboro, Chesterfield, EVE, L&M, Bond Street, Next/Dubliss, Optima, President, Philip Morris, IQOS, Parliament Heatsticks

The Company Statement
July 22, 2022

Discontinued a number of its cigarette products and reduced manufacturing activity. Suspended marketing activities in the country. The company is working on options to exit the Russian market in an orderly manner. Philip Morris plans to leave Russia by the end of 2022

March 09, 2022Philip Morris Suspends Investments in Russia
March 24, 2022Philip Morris International Inc. (PMI) Announces Concrete Steps to Scale Down Operations in the Russian Federation and Its Intention to Exit the Market
March 09, 2022Philip Morris International Inc. (PMI) Suspends Investment and Activates Plans to Scale Down Manufacturing Operations in the Russian Federation
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