PMI may make Marlboros in China<\/p>\n
BEIJING: China's state-run tobacco monopoly reached an
\nagreement on Wednesday with Philip Morris Incorporated (PMI) for
\nthe licensed manufacture of the Marlboro brand of cigarettes in
\nChina.<\/p>\n
The China National Tobacco Corporation (CNTC) would also set
\nup an international joint venture with PMI to market Chinese-
\nbrand cigarettes abroad, said a joint press release by the two
\ncompanies.<\/p>\n
"The agreements signed today with PMI will allow us to exert
\nour strengths and create significant opportunities for sustained
\nlong-term mutual growth and commercial success on a global
\nscale", said Li Keming, deputy chief administrator of the State
\nTobacco Monopoly Administration.<\/p>\n
The Marlboro brand, owned by PMI, will be produced under
\nlicense at CNTC's affiliate factories and will be distributed by
\nCNTC's official distributors nationwide in China.<\/p>\n
Trial production began last year in anticipation of the
\nagreement, with formal production expected to begin in early
\n2006. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pmi-may-make-marlboros-in-china-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}