Tobacco company Philip Morris International has opened a new $30M factory in the Lviv region. The first production line at the new factory was launched in May, and four more will be put into operation by the end of the year, which will increase the factory’s production capacity to 10 billion c... #BusinessDevelopment #BusinessRelocation #investments #PhilipMorris #PhilipMorrisUkraine #TobaccoMarketUkraine #Львів
German media notes the return of private investors to Ukraine. As the Frankfurter Allgemeine Zeitung notes, the Swiss corporation, Nestlé, plans to invest €40M in the expansion of an instant noodle factory. The Irish company, Kingspan, will build a new plant in U... #Bayer #InvestmentsinUkraine #Kingspan #Knauf #Nestle #PhilipMorris
Every third pack of cigarettes in Ukraine is counterfeit. According to an analysis of 2022 alone, Ukraine lost more than UAH 26B in tax revenue from the illegal trade of cigarettes, said Senior VP at Philip Morris, Gregoire Verdeaux. “Moreover, accordi... #CcounterfeitGoodsUkraine #CigarettesProduction #GregoireVerdeaux #PhilipMorris
Due to a 20% drop in the market the new Philip Morris factory will be smaller than the one in Kharkiv, said the head of the Ukrainian office, Maksym Barabash. “The Kharkiv factory, built in 2006, can produce 40 billion cigarettes annually. At that time, the Ukrainian market was larger and had lar... #CigarettesProduction #MaksymBarabash #PhilipMorris
Almost all of the European Business Association companies have resumed their work in Ukraine. According to EBA director Anna Derevyanko, 99% of the association’s members (which consists of about 900 companies) have completely or partially resumed their work in Ukraine during the war. At ... #AnnaDerevyanko #EBA #Kingspan #Nestle #PhilipMorris #бізнесвУкраїні
Philip Morris will build a new $30M factory, and Carlsberg Group invests UAH 1.5B in their Kyiv plant. The tobacco company Philip Morris International reported that construction of a new factory in the Lviv region will begin in July to replace the factory that had to be closed in the Kharkiv Oblast. PM... #BreweryUkraine #CarlsbergGroup #InvestmentsinUkraine #PhilipMorris #PhilipMorrisUkraine #TobaccoUkraine
The growth of the tobacco products market has declined in 2021. “In 2020, the tobacco products market, according to our estimates, grew by 80%”, but after the excise tax was increased by 320% from January 1, 2021, and subsequently the price grew, this indicator fi... #PhilipMorris #PhilipMorrisUkraine #TobaccoMarketUkraine
