Which brands are included in philip morris int:
Marlboro, Parliament, Bond, Chesterfield, L&M, Next, HEETS (Tobacco sticks for IQOS electronic tobacco heating system)
What does philip morris int make:
Produces cigarettes and nicotine-containing smokeless products
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What did not come out of the Russian market? March 16, 2022 - economic truth:
"The two main tobacco producers remain on the Russian market. It Philip Morris (USA), Japan Tobacco International (Japan).
It is difficult for them to leave the Russian market immediately, because these producers depend on Russian consumers. Eastern European countries included to the top ten in terms of cigarette consumption per capita. The Russian market is the largest among them.
No wonder Philip Morris is the leader in terms of revenue among foreign companies in Russia. In 2020, this American giant raised 359 billion rubles ($ 5 billion) from the Russian market. Now the company has just announced intention leave Russia.
Almost all companies are ready to invest in new facilities, but it is unlikely that cigarette manufacturers will stop cooperating with the occupying country in the near future.
These two tobacco companies account for 40% of all Russian tax revenues among foreign companies remaining in Russia - $ 8.3 billion. ”
Source
Has philip morris int left the Russian market? February 22, 2023 - ZN ua:
"Tobacco giant Philip Morris may stay in Russia — FT.
The company's management complains that it cannot find a buyer for a profitable business.
Tobacco company Philip Morris International admitted that it would rather keep its business in Russia than sell it under the Kremlin's strict requirements, according to which shareholders cannot expect fair value. About this writes Financial Times
Last year, Russia and Ukraine brought Philip Morris International 8% of revenue of $31.7 billion. Russia has historically been a huge market for tobacco companies due to high smoking rates and consumers' willingness to switch to vapes and heated tobacco products.
Source
Which companies did not leave Russia? August 24, 2023 - NAZK:
The National Agency for the Prevention of Corruption included the global tobacco company Philip Morris International in the list of international sponsors:
"In Russia, Philip Morris International is represented by two affiliated companies: factories of JSC Philip Morris Izhora in the Leningrad region and the branch of JSC Philip Morris Izhora "Philip Morris Kuban" in Krasnodar, as well as the organization of LLC "Philip Morris Sales and Marketing" with branches in approximately 100 cities of the country. In general, about 3,200 employees work in affiliated companies of Philip Morris International in Russia. The market share of Philip Morris International brands in Russia was 30.1% in 2019. The company is one of the largest taxpayers.
To date, the total volume of investments of Philip Morris International in Russia exceeds 2 billion US dollars. Confirming confidence in Russia's economic potential, the company is implementing a large-scale long-term investment program. Since 2017, more than 14 billion rubles have already been invested in the localization of the production of an innovative product - tobacco sticks for IQOS at the factory in the Leningrad Region.
JSC "Philip Morris Izhora" is an enterprise of a full production cycle - from the primary processing of tobacco raw materials to the production and packaging of cigarettes. It is the largest Philip Morris International factory in the world in terms of production capacity.
The total amount of investment in the factory, which was opened in the Leningrad Region at the beginning of 2000, currently exceeds 1.1 billion US dollars.
In total, the amount of income tax paid by Philip Morris International Inc. to the budget of Russia in 2022, amounted to 206 million dollars. USA.
Even at the beginning of the full-scale war, Philip Morris announced its intention to sell its Russian business and exit this toxic market. But, in the end, it became clear that these are all empty words. All "attempts" to sell the Russian business seem to have been unsuccessful, and the corporation still remains one of the largest taxpayers to the Russian budget.
Thus, Philip Morris International is one of the largest taxpayers to the Russian budget and is one of the main sponsors of the war in Ukraine.
According to the financial statements of Philip Morris Izhora JSC, the company's revenue in 2022 increased by 8% to 140.3 billion rubles, and net profit to 48.2 billion rubles, which is 45% more than in 2021. Income tax to the budget of the aggressor was paid in the amount of more than 12 billion rubles. (over USD 136 million).”
Addendum: under pressure from European partners, Ukraine removed the list of international sponsors of the war. But the screens do not burn and we fixed it
Source
August 24, 2023 - KSE Institute:
The production of a number of cigarette products was stopped and production volumes were reduced:
"Philip Morris planned to exit Russia by the end of 2022, but later admits it may never sell its Russian business"
Source
August 15, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Philip Morris int according to the analysis: explore strategic alternatives by halting new investments, including $ 150 million, suspending marketing, canceling product launches
Source
Brands: Marlboro, Parliament, Bond, Chesterfield, L&M, Next, HEETS, IQOS
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