Philip Morris Plans to Abandon Traditional Cigarette Business

May.29.2023

Philip Morris International (PMI) will abandon traditional cigarettes for risk-reduced products and call for stricter regulations on disposable e-cigarettes.

Recently, the German newspaper "Die Welt" reported that Philip Morris International (PMI) decided to abandon its traditional cigarette business in favor of new heated tobacco devices and called for strict regulation of disposable e-cigarettes.

Markus Essing, CEO of PMI Germany and Austria, stated at an event in Berlin.

We will be exiting the tobacco business and only offering reduced-risk products.

The manager did not specify a specific time frame, stating "we can set a deadline, but the specific date has not yet been determined.

PMI differs from other large tobacco companies such as British American Tobacco or Japan Tobacco in this regard.

Since 2017, the company has ceased advertising for traditional cigarettes such as Marlboro and has mainly focused on the IQOS heated tobacco device. PMI claims that harmful substances are reduced by 95% compared to traditional cigarettes because the tobacco in the device is heated instead of burned.

Reference:

Philip Morris to end production of Marlboro cigarettes

#Asia #India #Open system e-cigarettes #Regulation #Traditional tobacco products

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

British American Tobacco’s Irish unit says VELO pouch sales hit 29m, net revenue climbs to €33.75m

British American Tobacco’s Irish subsidiary PJ Carroll & Co Ltd reported that sales of its Velo nicotine pouches nearly quintupled in 2024 to 29 million units, driving an 11% year-on-year increase in net revenue to €33.75 million. However, amid a heavy tax burden and declining traditional cigarette volumes, the company’s pre-tax profit fell 8% to €5.69 million.

Dec.01 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

Wisconsin Fines Vape Retailers Nearly $13 Million for Selling Unapproved Products

The state of Wisconsin has fined one retailer nearly USD 12.44 million and another USD 450,000 for violating the state’s new vape sales law, which took effect in September and restricts sales to an approved list of products.

Dec.11 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

EU to Abstain from WHO Tobacco Treaty Vote Amid Deep Internal Split

The European Union will abstain from voting at the upcoming 11th session of the WHO Framework Convention on Tobacco Control (COP11) in Geneva, following months of internal disagreement over how to regulate tobacco and nicotine products. The decision marks a rare and public fracture in EU health policy, reportedly driven by the European Commission’s hardline anti-tobacco stance.

Nov.18 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

Altria CEO Billy Gifford to Retire; Sal Mancuso Named Successor

Altria Group, Inc. (NYSE: MO) announced that CEO Billy Gifford will retire at the conclusion of the 2026 Annual Meeting of Shareholders on May 14, 2026, after more than 30 years with the company. The Board of Directors has elected Salvatore (Sal) Mancuso, Altria’s current Executive Vice President and CFO, to succeed him as CEO.

Dec.12 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }