PMI's Swedish Match Expands Kentucky Facility With $232M Investment, Creating 450 Jobs To Boost Smoke-Free Production
Portfolio Pulse from Benzinga Newsdesk
Swedish Match, a subsidiary of Philip Morris International (PMI), is investing $232 million to expand its Kentucky facility, creating 450 jobs and boosting smoke-free product production. This expansion aligns with PMI's mission to promote smoke-free alternatives and is expected to generate an additional $277 million annually in regional economic impact.
August 27, 2024 | 11:36 am
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Philip Morris International's subsidiary, Swedish Match, is expanding its Kentucky facility with a $232M investment, creating 450 jobs and enhancing smoke-free product production. This aligns with PMI's mission for a smoke-free future and boosts regional economic impact.
The expansion of Swedish Match's facility is a significant investment by PMI, aligning with its strategic goal of promoting smoke-free alternatives. The creation of 450 jobs and the expected $277 million annual economic impact are positive indicators for PMI's growth and regional influence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80