Philip Morris doubles Colorado campus investment to $1.2 billion
Philip Morris doubles Colorado campus investment to $1.2 billion July 27 (Reuters) - Philip Morris International said on Monday it had doubled its planned investment in its Colorado manufacturing campus to about $1.2 billion through 2028, as it expands production capacity for the Zyn nicotine pouch business. The company in 2024 had initially announced a $600 million investment to build a manufacturing facility for Zyn nicotine pouches in Aurora, which opened on Monday.
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Philip Morris doubles Colorado campus investment to $1.2 billion July 27 (Reuters) - Philip Morris International said on Monday it had doubled its planned investment in its Colorado manufacturing campus to about $1.2 billion through 2028, as it expands production capacity for the Zyn nicotine pouch business. The company in 2024 had initially announced a $600 million investment to build a manufacturing facility for Zyn nicotine pouches in Aurora, which opened on Monday. • The company said the facility produces Zyn nicotine pouches and will support exports to markets across Asia, Latin America and the Caribbean. • Once fully operational, the facility is expected to generate approximately $550 million in annual economic impact and support 1,000 indirect jobs, the company said.
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- Philip Morris doubles Colorado campus investment to $1.2 billion July 27 (Reuters) - Philip Morris International said on Monday it had doubled its planned investment in its Colorado manufacturing campus to about $1.2 billion through 2028, as it expands production capacity for the Zyn nicotine pouch business. The company in 2024 had initially announced a $600 million investment to build a manufacturing facility for Zyn nicotine pouches in Aurora, which opened on Monday.
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Philip Morris doubles Colorado campus investment to $1.2 billion
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