Philip Morris closes manufacturing facility in Kotri
'Wide presence of illicit cigarettes in the country has impacted the legal industry volumes'
The Cube, a Philip Morris R&D facility, is pictured in Serrieres near Neuchatel, Switzerland. PHOTO: REUTERS
KARACHI:
Philip Morris (Pakistan) Limited (PMPKL) on Monday announced that it would reorganise its cigarette-manufacturing operations, following a strategic review to optimise process efficiencies and operational effectiveness and to position the company for sustainable future growth.
This will involve closure of the cigarette-manufacturing facility in Kotri, Sindh, which will impact 194 employees. However, all of them will be offered separation packages that will exceed what is required by law, according to a statement issued by the company. Philip Morris (Pakistan) Managing Director Joao Martins said: “PMPKL remains committed to operating in Pakistan, through our manufacturing facility in Sahiwal, the green leaf threshing plant in Mardan and by maintaining a strong ongoing commercial presence.”
“The wide presence of illicit cigarettes in the country has impacted the legal industry volumes, as a result our manufacturing footprint was in excess of requirement, hence PMPKL decided to consolidate its current manufacturing footprint to achieve greater efficiency and for a sustained business outlook.”
“Philip Morris has a big vision, to create a smoke-free world, and we are transforming our business to achieve that vision.”
Published in The Express Tribune, March 5th, 2019.
Philip Morris (Pakistan) Limited (PMPKL) on Monday announced that it would reorganise its cigarette-manufacturing operations, following a strategic review to optimise process efficiencies and operational effectiveness and to position the company for sustainable future growth.
This will involve closure of the cigarette-manufacturing facility in Kotri, Sindh, which will impact 194 employees. However, all of them will be offered separation packages that will exceed what is required by law, according to a statement issued by the company. Philip Morris (Pakistan) Managing Director Joao Martins said: “PMPKL remains committed to operating in Pakistan, through our manufacturing facility in Sahiwal, the green leaf threshing plant in Mardan and by maintaining a strong ongoing commercial presence.”
“The wide presence of illicit cigarettes in the country has impacted the legal industry volumes, as a result our manufacturing footprint was in excess of requirement, hence PMPKL decided to consolidate its current manufacturing footprint to achieve greater efficiency and for a sustained business outlook.”
“Philip Morris has a big vision, to create a smoke-free world, and we are transforming our business to achieve that vision.”
Published in The Express Tribune, March 5th, 2019.