PM
- Philip Morris International Inc.
()
Overview
Company Summary
Philip Morris International Inc. (PM) is a multinational company primarily engaged in the manufacturing and sales of tobacco products. It traces its roots back to 1847 when Philip Morris was established as a small tobacco shop in London. Over the years, the company has grown to become one of the world's largest tobacco companies.
PM operates in different segments of the tobacco industry, offering a diverse portfolio of cigarette brands. Some of its well-known brands include Marlboro, L&M, Parliament, and Chesterfield. These brands enjoy significant market share and are recognized globally.
While the company focuses on traditional combustible cigarettes, it also recognizes the evolving needs of consumers and the growing popularity of alternative options. As such, PM has been investing in developing reduced-risk products (RRPs) and smoke-free alternatives. These include heated tobacco products like IQOS and e-cigarettes.
PM's primary objective is to provide adult consumers with a range of products to choose from, catering to their preferences in terms of taste, price, and smoke-free alternatives. The company aims to continually innovate and develop products that meet a broad spectrum of consumer demand while also aligning with evolving regulatory standards.
Operating in numerous countries worldwide, PM collaborates with local affiliates, distributors, and retail partners to distribute its products globally. The company has a substantial presence in various markets, including Europe, Asia, Latin America, and the Middle East.
Furthermore, PM is committed to addressing the risks associated with tobacco usage and underscored its ambition to achieve a smoke-free future. It has been actively engaged in scientific research, technology development, and public awareness initiatives to achieve this goal.
In summary, Philip Morris International Inc. is a leading global tobacco company, offering a wide range of tobacco products while also investing in reduced-risk alternatives. The company's focus is to cater to adult consumers' preferences while simultaneously adapting to evolving market demands and societal expectations.