About Philip Morris International Inc. (PM)

Company Description:

Philip Morris International Inc. (PMI) is a leading tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products, associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. PMI is pioneering a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company, and its shareholders.

The company was founded in 1847 by Philip Morris and has its current headquarters in Stamford, Connecticut, United States.

Main Product(s):

Philip Morris International is known for a range of tobacco products including Marlboro, one of the world's best-selling cigarette brands, and IQOS, a smoke-free electronic device designed as an alternative to smoking.

Short History of Philip Morris International Inc:

• 1847 – Philip Morris opened his first tobacco store in London, UK.
• 1924 – Introduction of the Marlboro brand.
• 1954 – Philip Morris begins to manufacture cigarettes in Richmond, Virginia.
• 2008 – PMI spun off from Altria Group, Inc., becoming an independent company focused on tobacco products outside of the United States.
• 2014 – The company announced its vision to create a smoke-free future.
• 2016 – PMI launched IQOS, a heat-not-burn tobacco product, in major markets.