Key Highlights:
Investments of over $200 million in the Owensboro factory in Kentucky, USA, have created hundreds of job opportunities.
The factory produces ZYN nicotine pouches under its parent company, Philip Morris International (PMI). The expansion plan will ultimately create or exceed 450 jobs.
This investment is expected to bring $277 million in revenue to the local area each year, with the expansion project projected to be completed in June.
According to Tristatehomepage's report on April 1st, the CEO of Swedish Match discussed expansion plans in Owensboro, Kentucky. Governor Andy Beshear announced an investment of over $200 million in the factory in the fall of 2024. Officials also discussed the potential job opportunities for the local community and how FDA approval will drive the expansion of the company's products this year.
Six months ago, Governor Andy Beshear announced a $232 million investment in the Owensboro, Kentucky match factory, expected to bring over 450 jobs. The factory produces ZYN nicotine pouches for its parent company, Philip Morris International (PMI). Stacey Kennedy, President and CEO of PMI's Americas region, stated that around 370 jobs have already been added, with expectations to reach or exceed the 450 job target in the future.
This investment has helped the city enter the top ten of the fastest-growing economies in the United States, while also expected to bring in $277 million in revenue for the city each year.
Kennedy claims that the factory is the flagship factory ranked number one globally, with expansion projects expected to be completed in June.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
