Philip Morris International Inc - Company Profile
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Business Description
Philip Morris International Inc (PMI) is a manufacturer and marketer of tobacco and tobacco-related products for customers in over 175 countries. It offers cigarettes and smoke-free products, including vapor, heat-not-burn, and oral smokeless products.
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R&D Overview
PMI’s R&D arm focuses on the development of new products and improving the existing product portfolio. It also focuses on expanding its range of reduced-risk products (RRPs). The company aims to bolster its brand presence and market positions through its expertise and technology. PMI operates an R&D facility in Switzerland. In FY2023, the company incurred expenses of US$709 million on R&D, which, as a percentage of revenue, stood at 2%. The company invested 99% of its R&D expenditure for the development of its smoke-free portfolio over the past three years, ending December 31, 2023, 2022, and 2021.
Product Categories
Performance
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Performance
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Geographical Segments
Overview
Provides cigarettes and heated tobacco units in Canada, the US, and Latin America.
Performance
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Overview
Provides cigarettes and heated tobacco units in East Asia, Australia, and PMI Duty Free Region.
Performance
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Overview
Provides cigarettes and heated tobacco units in European Union countries, including Switzerland, the UK, Ukraine, Moldova and Southeast Europe.
Performance
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Overview
Provides cigarettes and heated tobacco units in South and Southeast Asia, the Middle East, the African continent, Central Asia, Turkey, Caucasus, Israel, and Russia;
Performance
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Performance
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Performance
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