PMI to Build ZYN Nicotine Pouch Factory in Aurora, Colorado

PMI by 2FIRSTS.ai
Jul.17.2024
PMI to Build ZYN Nicotine Pouch Factory in Aurora, Colorado
PMI to build ZYN nicotine pouch plant in Aurora, Colorado, creating 500 jobs, $6 billion investment. Governor expects tax revenue boost.

According to a report by Westword on July 16th, the city of Aurora, Colorado will soon be home to a new factory for the production of ZYN nicotine pouches by Philip Morris International (PMI).

 

According to PMI, the $600 million investment in the factory is expected to create 500 jobs in Colorado over the next two years.

 

Stacey Kennedy, President and CEO of PMI's US operations, stated during a press conference on July 16th that...

 

These 500 job positions are good job positions that support families.

 

The ZYN factory in Aurora will be located a few miles south of Denver International Airport, spanning 150 acres near 48th Avenue and Harvest Road. According to PMI, a groundbreaking ceremony will be held later this year, with full production expected to begin in 2026.

 

PMI stated that in addition to permanent jobs, the construction of the factory will create over 5000 temporary jobs and have a $1 billion economic impact on the region. The company expects the factory to also create 1000 indirect jobs and bring a sustained economic impact of $550 million annually to Aurora.

 

The Governor of the state, Jared Polis, predicts that the factory "will generate millions of dollars in tax revenue each year.

 

Aurora Mayor Mike Coffman stated that...

 

We are very happy to help Colorado become the best state for business. When companies like PMI are making location decisions, there are many factors to consider... They typically look at labor and operating costs, and we have a strong commitment to both aspects.

 

Kennedy stated,

 

Adult tobacco users and smokers around the world are seeking smoke-free alternatives. The factory we announced today in Aurora will support the growth driven by demand in the mid-term.

 

Over the past year, the popularity of nicotine pouches, particularly ZYN nicotine pouches, has rapidly increased. Last year, PMI sold over 350 million cans of ZYN nicotine pouches, with sales increasing by 62% compared to 2022. It is projected that by 2024, ZYN nicotine pouches will contribute over $2 billion in revenue for PMI.

 

State Senator Kyle Mullica stated that he will continue to hold tobacco companies accountable while supporting the ZYN factory.

 

After efforts to ban flavored tobacco products statewide failed in 2022, Murica pushed for legislation allowing Colorado counties to ban tobacco sales and prohibit the sale of unapproved vaping devices, but was unsuccessful. He expressed plans to continue pushing for similar legislation and also voiced support for a new ZYN factory.

 

This does not mean that I am unwilling to hold the industry accountable. I am also an advocate for ensuring job opportunities and high-paying jobs for our community, and I believe you can have both.

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.

Malaysia Urged to Act as Teen E-cigarette Use Rises
Malaysia Urged to Act as Teen E-cigarette Use Rises
As youth vaping continues to rise in Malaysia, the Malaysian Thoracic Society and the Lung Foundation are urging the government to immediately enforce the Control of Smoking Products for Public Health Act 2024. Experts warn that many e-cigarettes are designed to resemble toys, candies or USB drives, making them highly appealing to teenagers and potentially acting as a gateway to drug use.
May.20 by 2FIRSTS.ai
World Vape Show to Open on June 18, 2FIRSTS Marks Three Years of Comprehensive Coverage
World Vape Show to Open on June 18, 2FIRSTS Marks Three Years of Comprehensive Coverage
The World Vape Show is set to open on June 18 in Dubai. As the event’s official media partner, 2FIRSTS will provide on-site, in-depth coverage for the third consecutive year, offering real-time updates from the exhibition floor and insights into global industry trends.
Jun.12 by 2FIRSTS.ai
Poland to Ban Disposable E-Cigs and Flavored Nicotine Pouches
Poland to Ban Disposable E-Cigs and Flavored Nicotine Pouches
Poland's Ministry of Health plans to ban disposable e-cigarettes and flavored nicotine pouches, and prohibit e-cigarette sales to anyone under 18. The draft has been approved by the government's legislative group and backed unanimously by the parliamentary health committee.
May.08 by 2FIRSTS.ai
New E-cigarette Products Announced in UK Regulatory Database
New E-cigarette Products Announced in UK Regulatory Database
New e-cigarette products from brands like SKE, ELFBAR, and IVG have been approved for the UK market.
Apr.17 by 2FIRSTS.ai
Ireland to Ban Flavored E-Cigarettes, Advertising; Industry Warns 220,000 Vapers at Risk
Ireland to Ban Flavored E-Cigarettes, Advertising; Industry Warns 220,000 Vapers at Risk
Ireland plans to ban flavored e-cigarettes, introduce plain packaging, and restrict in-store displays and advertising. The Responsible Vaping Ireland group warns the move could harm small businesses and reverse progress in reducing smoking. Since 2015, over 225,000 adults have quit smoking with e-cigarettes, making up nearly a quarter of quitters in 2023.
Jun.03 by 2FIRSTS.ai
Central Asia Anti-Vaping Campaign Gains Momentum
Central Asia Anti-Vaping Campaign Gains Momentum
Kazakhstan's 2024 e-cigarette ban spawned a black market. Despite fines up to 18.4 million tenge and imprisonment, illegal sales continue via encrypted apps. It hiked prices, pushed some to traditional cigs. Critics and supporters have opposing views, and other Central Asian nations face similar issues.
May.12