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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Member News

03. October 2018.

Philip Morris Launches New Production System in NIŠ

Philip Morris International (PMI) said Tuesday that they launched a new production system in their Niš-based plant, worth USD 3 mln, aimed at complete automation of management of end products.

According to the statement, the new investments is a part of a three-year investment cycle worth USD 44 mln in total, aimed at launching new and at modernization of the existing production capacities, in order to keep up the pace with the long-lasting export growth trend from Niš-based plant. "Placement of cigarettes to foreign markets increased by nearly a four-fold - from 6.9 billion cigarettes in 2014 to 25 billion in 2017. Last year, 80 pct of all cigarettes made in Niš went to around 50 countries, the company said.

Source: Executive Newsletter

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