Reported about 2 months ago
Philip Morris International plans to invest $232 million to expand its Owensboro, Kentucky factory that produces ZYN nicotine pouches, aiming to enhance production capacity by 40% and create 450 jobs. This move is part of the company's strategy toward a smoke-free future and meets the rising demand for smokeless alternatives, as nicotine pouches become a popular choice for consumers transitioning from traditional tobacco products. The expansion is expected to be completed by the second quarter of 2025.
Source: YAHOO