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— 2h
PMI, Altria forge U.S. cigarette manufacturing pact
Philip Morris International announced a contract manufacturing arrangement with Philip Morris USA (Altria) through its non-U.S. affiliates, with first shipments targeted for early 2027, while PMI remains focused on a smoke-free future and does not plan to commercialize combustibles in the United States; both companies will operate independently with separate commercialization, distribution, and regulatory responsibilities, and the deal is not expected to materially affect PMI’s 2026 financial results. The arrangement is framed as leveraging each party’s manufacturing capabilities to support efficiency and strategic transition without altering U.S. market stance on combustibles.
10 sources · 2h
