Revamped factory almost doubles PM’s capacity in South Korea

Philip Morris Korea (PMK) yesterday opened its revamped cigarette manufacturing facility at Yangsan, South Gyeongsang province, according to a Korea Herald story relayed by the TMA.

The revamped plant now has an annual production capacity of 40 billion cigarettes a year, almost double that of the original factory built in 2002.

PMK invested WON190 billion in the expansion of the factory, which is equipped with raw material processing and packaging facilities.

The expansion is said to have created 100 additional local jobs.

PMK managing director, Chong Il-woo, said the revamped plant would enable the company to secure a stable production capacity and attract outstanding local people.

And it would contribute to the national economy by creating jobs and expanding exports.