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New Philip Morris chief reaffirms partnership with Lucio Tan

Published May 7, 2021, 10:58 AM
The newly appointed chief of the Lausanne-based Philip Morris International Inc. (PMI), the company behind Marlboro and IQOS, reaffirmed their “successful” partnership with Filipino billionaire Lucio Tan.
Following the announcement of Jacek Olczak’s appointment as new PMI CEO, the 56-year-old executive said their joint venture with the Tan-led Fortune Tobacco Corp. in the Philippines has remained solid amid the evolving tobacco industry.
New Philip Morris International CEO Jacek Olczak
“Our business combinations with the Tan family of the Fortune Tobacco proven to be very successful. Definitely in Philippines I am extremely happy with our partnership with the Tans,” Olczak said during a virtual briefing on Thursday, May 7. ....

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PMFTC streamlines plant operations, investing in BPO

PMFTC streamlines plant operations, investing in BPO
Louella Desiderio
© STAR/ File
PMFTC streamlines plant operations, investing in BPO
MANILA, Philippines Tobacco firm PMFTC Inc. is streamlining manufacturing operations at its facility in Marikina amid low production volume.
The firm said it is also shifting resources by investing in business process outsourcing (BPO).
“In light of a steep decline in production volumes resulting in significant idle capacity at the Marikina plant, PMFTC Inc. confirms making the difficult decision to streamline its manufacturing operations that has been impacted by the market conditions over the past years,” the firm said in a statement yesterday. ....

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Dark side to Big Tobacco's Covid-19 CSR activities? | News | Eco-Business

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