Tag: pmi

  • Canada Health Minister Rejects Calls to Loosen Pouch Rules

    Canada Health Minister Rejects Calls to Loosen Pouch Rules

    Canadian Federal Health Minister Marjorie Michel said she is not considering changes to Canada’s regulations governing nicotine pouches, which are regulated as smoking-cessation aids and restricted to adult sales through pharmacies. Zonnic, manufactured by Imperial Tobacco, is currently the only authorized nicotine pouch brand, with sales limited to 4 mg pouches and restricted flavors. Unsmoke Canada, part of Philip Morris International’s Rothmans, Benson & Hedges business, has campaigned for allowing pouches to be sold through retail stores, arguing that broader legal availability could address the illicit market.

    Michel acknowledged challenges with illicit sales, including online sales of products such as Zyn, while tobacco-control groups called for stronger enforcement rather than looser rules. The groups said nicotine pouch use among Canadian youth is increasing and warned that wider retail availability could increase youth access.

  • PMI Expands Global Services Hub in Philippines

    PMI Expands Global Services Hub in Philippines

    Philip Morris International’s global business services hub in Makati, Philippines, added more than 80 positions as it moved into higher-value services at its 8 Rockwell location. PMI Business Solutions Philippines began operations in 2021 with a focus on finance and information technology services for 20 markets. The hub now employs more than 500 professionals providing 600 services across finance, human resources, IT, commercial services, data analytics, supply chain, project management, and fleet services for 160 markets.

    PMIBS President Harry Tan said the company plans to use artificial intelligence to support more complex services and is focusing on talent development, operational expansion, and AI transformation. Philip Morris Fortune Tobacco Corporation President Zhenya Ivanov reaffirmed PMI’s commitment to the Philippines and PMIBS’ role in the company’s broader transformation and growth. The Makati facility is PMI’s second global business services center and its first in Asia.

  • PMI Publishes First TNFD Report

    PMI Publishes First TNFD Report

    Today (September 22), Philip Morris International published its first Taskforce on Nature-related Financial Disclosures (TNFD) Report, providing an assessment of nature-related dependencies, impacts, risks, and opportunities across its global value chain. The report examines how natural capital and ecosystem services affect areas including agricultural production, manufacturing, and access to raw materials.

    The report is part of PMI’s broader environmental disclosure efforts and follows its 2025 Climate Transition Plan. Nature is one of six strategic priorities under PMI’s Value Plan 2030+, alongside Consumers, Circularity, Climate, Our Workforce, and Workers in Our Value Chain. The report also includes examples of projects addressing water stewardship, biodiversity, soil restoration, and product circularity.

  • PMI Increases Dividend 8.8% to Annualized Rate of $6.40 per Share

    PMI Increases Dividend 8.8% to Annualized Rate of $6.40 per Share

    Philip Morris International’s (PMI) Board of Directors increased the company’s regular quarterly dividend by 8.8% to $1.60 per share, or an annualized rate of $6.40 per share, up from $1.47. The dividend is payable Oct. 26, to shareholders of record as of Oct. 2, with an ex-dividend date of Oct. 2.

    PMI said it has increased its annual dividend every year since becoming a publicly traded company in 2008. The latest increase brings the company’s cumulative dividend increase since its IPO to 248%, representing a compound annual growth rate of 7.2%.

  • Illicit Market Threatens Harm Reduction Progress

    Illicit Market Threatens Harm Reduction Progress

    The growing illicit nicotine market is creating risks for brand protection, consumer safety and tobacco harm reduction, speakers said at GTNF 2026 in Lisbon during the “Playing Defense – Brand Protection and its Impact on Harm Reduction and Consumers” panel. Following a keynote address, Lillian Ortega, founder and chief regulatory strategist at WOW Solutions, moderated the panel and said the U.S. unauthorized vape market is already significant and warned that “you can’t enforce your way out of it.” Ortega said an estimated 70% of the U.S. vape market is unauthorized, although the figure does not capture online sales and some vape shops, and argued that regulatory delays and gaps in FDA oversight can leave demand to illicit suppliers. She called for timely and predictable product authorization, better tracking of products entering the U.S. and greater information sharing throughout the supply chain.

    Michael Horowitz, managing counsel at RAI Services Company, said an entrenched illegal market is difficult to reverse, particularly when consumers may not realize they are purchasing unauthorized products. He also pointed to fragmented enforcement and the difficulty of distinguishing unauthorized products from products that are genuinely illicit.

    Abel Vecino, head of illicit trade prevention for Southwest Europe at Philip Morris International, said brand protection is also about protecting consumers as they move away from combustible products. He said criminal organizations are scaling production, moving closer to consumer markets and exploiting enforcement gaps, while adapting to demand for lower-priced products. Vecino called for greater cooperation with law enforcement and proactive partnerships before problems emerge.

    Stevan Vranes, global head of corporate affairs at Imperial Brands, said illicit products are increasingly visible in local communities and legitimate retail channels, while distinguishing legal from illegal products has become more difficult in newer nicotine categories. He said illicit cigarette factories across Europe can now produce up to 1 million cigarettes an hour and that illicit sales are increasingly moving online. Vranes called for a holistic approach, including greater pressure on social media and stronger action against online sales, while acknowledging that authorities cannot physically inspect every container entering global ports.

  • Climate Policy and Sustainability Take Center Stage at GTNF 2026

    Climate Policy and Sustainability Take Center Stage at GTNF 2026

    GTNF 2026’s “Innovative Responses to Climate Change & Global Climate Policy” panel examined how the nicotine industry is responding to environmental pressures through sustainability strategies, regulation, and industry-government cooperation. Moderator Ben Dessart, vice president of external affairs at Universal Corporation, opened by stressing the need for industry to “be part of the conversation.”

    Nicole Austin, director of sustainability engagement and strategic partnerships at Philip Morris International, said sustainability must be integrated across business decisions rather than treated as a separate initiative. She identified combustible products as the company’s largest negative environmental impact and smoke-free products as its largest positive contribution, with PMI’s strategy focused on making cigarettes obsolete by addressing both supply and demand. Austin said, “Reacting is much more expensive than predicting,” emphasizing long-term planning to mitigate risk.

    Aylèn Van Isseldyk, founder and director of THR, Ethics and Sustainability, focused on the environmental challenges posed by disposable vaping products. She said the industry cannot allow advances in nicotine delivery to create a new source of environmental harm and argued for proportional policies that consider both human and environmental health while protecting vulnerable populations. Miranda Kinney, senior vice president and global head of corporate affairs and impact at Pyxus, emphasized the need for industry and governments to work together and said environmental efforts should begin with farmers rather than at the manufacturing stage. She said educating farmers about why environmental practices matter can change how they handle materials such as plastic. Tadas Lisauskas, president and co-founder of Greenbutts, said regulation and compliance will be key to driving adoption of biodegradable products, arguing that large companies need regulatory certainty to justify allocating budgets to solutions that consumers may not yet demand.

  • PMI Raises 2026 Full-Year EPS Forecast on Currency

    PMI Raises 2026 Full-Year EPS Forecast on Currency

    Philip Morris International raised its 2026 full-year reported diluted EPS forecast to $7.28-$7.43, citing currency effects. Adjusted diluted EPS is now expected at $8.35-$8.50, representing growth of 10.7%-12.7% from $7.54 in 2025, or 7.5%-9.5% excluding currency. PMI also raised its third-quarter adjusted diluted EPS forecast to $2.29-$2.34.

    CEO Jacek Olczak addressed investors today (Sept. 8) at the 2026 Barclays Global Consumer Conference in Boston. The company said all other 2026 forecast assumptions remain unchanged from its July 22 update.

  • PMI U.S. Launching Campaign Around Zyn’s ‘Click’

    PMI U.S. Launching Campaign Around Zyn’s ‘Click’

    Philip Morris International’s U.S. businesses are launching “When It Clicks,” a national Zyn brand campaign built around the sound of the nicotine pouch’s signature click and the idea of staying present in everyday moments. Following a soft launch this summer, the campaign will scale nationally in the fourth quarter across point-of-sale, digital, out-of-home, and cultural events targeting legal-age adult nicotine consumers.

    The campaign will be introduced to retailers and distributors at the National Association of Convenience Stores Show in October, followed by activations spanning music, entertainment, sports, and art. Zyn also plans to launch limited-edition metal cases featuring artwork from American and U.S.-based artists in the fourth quarter; the accessories will not contain nicotine pouches.

  • PMI CEO Speaking at Barclays  

    PMI CEO Speaking at Barclays  

    Philip Morris International announced it will participate in the 2026 Barclays Global Consumer Conference on September 8, with Group CEO Jacek Olczak scheduled to take part in a live fireside chat at approximately 9:45 a.m. ET. The session will be webcast live, with an archived version available for six months following the event.  

    The appearance will provide investors and the broader market with an opportunity to hear directly from PMI’s CEO on the company’s business outlook and strategic priorities. The webcast will be accessible through PMI’s investor relations platform and its mobile IR app.  

  • Altria, PMI Strike Manufacturing Deal to Boost U.S. Tobacco Operations

    Altria, PMI Strike Manufacturing Deal to Boost U.S. Tobacco Operations

    Altria Group Inc. and Philip Morris USA announced that they have entered into a contract manufacturing arrangement with non-U.S. affiliates of Philip Morris International (PMI), aimed at improving the efficiency of PM USA’s traditional tobacco operations. The companies have operated independently since their 2008 separation.

    Altria said the agreement supports its 2028 Enterprise Goals by enhancing manufacturing capabilities, generating economic benefits to support investment in its broader strategy, and strengthening capabilities that could eventually be transferred to its international nicotine efforts. “The arrangement supports our 2028 Enterprise Goals by enhancing operational capabilities, generating economic benefits to support investment in our vision, and strengthening capabilities that could be transferable to our international nicotine efforts,” Altria said. The company does not expect the deal to have a material impact on its 2026 financial results.

    The arrangement does not change the companies’ independence. “Altria and PMI will continue to operate independently and maintain responsibility for their own commercialization, distribution, and regulatory activities,” Altria said. The agreement comes as Altria continues its push to expand beyond cigarettes while maintaining PM USA’s traditional tobacco business. The company said the manufacturing capabilities developed through the arrangement could support its longer-term international nicotine ambitions.