PMI Reports 8.4% Increase in Product Shipments in Ukraine

PMI by 2FIRSTS.ai

Feb.20.2024

PMI Reports 8.4% Increase in Product Shipments in Ukraine

PMI reports 8.4% increase in finished product shipments in Ukraine in 2023, plans to open new factory in Lviv.

According to Interfax, Philip Morris International (PMI) reported that its finished goods shipments in Ukraine increased by 8.4% in 2023 compared to 2022.

In 2023, our finished goods shipments in Ukraine increased by 8.4%. This figure includes both imported and locally produced products. The increase in shipments is part of our strategy to regain market share, as we temporarily lost market share due to the war and the forced closure of our factory in the Kharkiv region," said Serhiy Kalnoochenka, Financial Director of Philip Morris Company in Ukraine.

According to the financial report released by the company, in the fourth quarter of 2023, PMI's total shipments of heated tobacco and tobacco products in Ukraine increased by 14.9% compared to the same period in 2022.

In the second quarter of 2024, Philip Morris plans to open a new factory in the Lviv region with an investment of $30 million. The company has paid over 30 billion Ukrainian hryvnias in taxes to various levels of government in Ukraine.

Also Read:

[1] Ukraine Authorities Seize Illegal E-Cigarette Network Worth Millions

#Europe #UK #Ukraine #PMI #Heated tobacco products #The United Kingdom #Major companies #Report #Product

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