Phimo International to Invest $159.7 Million in Philippines for Tobacco Production.

Oct.12.2022

Phimo International to invest $159.7 million to establish a production plant for heating tobacco devices in the Philippines.

According to reports, Femto International will invest $159.7 million in the Philippines to establish a production site for manufacturing heating cigarette devices and heating tobacco sticks.

Phimo International is set to produce heated tobacco sticks in the Philippines for the first time. It is estimated that over 20% of adults in the Philippines smoke. Phimo International stated that this investment will use tobacco leaves grown in the Philippines and create 220 employment opportunities.

#Philippines #Product #Products of Tobacco

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Related Topics

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Ukraine intensifies crackdown on illicit tobacco and alcohol markets

Ukraine intensifies crackdown on illicit tobacco and alcohol markets

The U.S. Department of Justice and FDA seized 2.1 million e-cigarettes and 12 distributors and retailers were sued

The U.S. Department of Justice and FDA seized 2.1 million e-cigarettes and 12 distributors and retailers were sued

Australian Border Force Seizes 586M Cigarettes and 3M Vapes in Record First Quarter

Australian Border Force Seizes 586M Cigarettes and 3M Vapes in Record First Quarter

BAT Korea Launches Year-End Promotion for “glo hyper” as Demand for Odorless Heated Tobacco Rises

BAT Korea Launches Year-End Promotion for “glo hyper” as Demand for Odorless Heated Tobacco Rises

Japan Tobacco launches limited-edition Ploom AURA color “Bronze Royal,” priced at about $27

Japan Tobacco launches limited-edition Ploom AURA color “Bronze Royal,” priced at about $27

Vape Company Takes FDA to Court for Stalling Premarket Decision for Half a Decade

Vape Company Takes FDA to Court for Stalling Premarket Decision for Half a Decade

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