FX.co ★ Philip Morris To Invest $600 Mln To Boost Production Of Smoke-free Products

Philip Morris International Inc. (PM), a leading tobacco company, announced on Tuesday its intention to invest $600 million over the next two years through one of its U.S. affiliates to establish a manufacturing facility in Aurora.

This new facility will focus on producing Swedish Match ZYN nicotine pouches, aiming to meet the growing demand for smoke-free products.

The project is projected to generate 500 direct jobs and contribute an ongoing annual economic impact of $550 million to the region. Additionally, it is expected to create 1,000 indirect jobs within the State of Colorado.

The U.S. affiliate of PMI plans to commence preliminary operations by the end of 2025, with full-scale production set to begin in 2026.