Philip Morris International to invest over PLN 1 billion in Krakow factory

by   CIJ News iDesk III
2023-09-12   15:21

Philip Morris International has announced a new investment of more than PLN 1 billion in Poland, including the production of the latest heating tobacco cartridges at a factory in Krakow, the company said.

"Poland has always played a strategic role for us. Since 1996, we have already invested nearly PLN 25.5 billion on the Vistula River. These investments include our factory in Krakow and its continuous modernization, as well as the development of our Krakow center, which provides business services to many markets. Today I am pleased to announce that Philip Morris International has decided on a new investment. We want the production of a new generation of heating tobacco cartridges, including cartridges for IQOS Iluma, to take place at our factory in Krakow, which is already one of the largest in the world. We estimate that this investment of more than one billion zlotys will create many new, highly specialized jobs," said Philip Morris International's president for Northeast Europe Michal Mierzejewski.

The announcement also stated that Philip Morris Polska Distribution, a subsidiary of Philip Morris International Inc. has introduced the latest generation of innovative IQOS tobacco heating systems from the IQOS Iluma series, debuting in three editions in Poland: IQOS Iluma, IQOS Iluma One and IQOS Iluma Prime.

The IQOS Iluma series features for the first time the groundbreaking Smartcore Induction System technology, which heats tobacco without burning it inductively and from the inside: no heating blade, no smoke, no ash and no need to clean the device of tobacco residue. These are the only devices in the tobacco heater segment in the world equipped with such a solution. New tobacco cartridges have been designed for them, dedicated to the IQOS Iluma series.

Philip Morris Poland is the largest tobacco company in Poland and one of the largest employers, giving employment to some 7,000 people nationwide.

Source: Philip Morris and ISBnews