Philip Morris Int’l signs agreements for tobacco supply in Brazil
Cigarette maker Philip Morris International says it’s signed deals to buy 10 percent of its tobacco from farmers in Brazil.
The world’s largest nongovernmental cigarette seller says it the deal with two leaf suppliers to source tobacco leaf from about 17,000 growers there. As part of the deal, it says it will offer jobs to more than 200 people, most of them agronomy specialists.
The agreements with subsidiaries of Alliance One International and Richmond-based Universal Corp. Both suppliers are U.S.-based but have brazilian subsidiaries.
The deals are subject to Brazilian government approval and are expected to be completed by the end of the third quarter.
source: latimes.com
Similar Posts:
- Altria Client Services spent $3.1M in 1st qtr lobbying federal officials for tobacco company
- Altria Group 1st-quarter profit up as Marlboro gains market share, company cuts costs
- Ahead of the Bell: Tobacco companies
- Philip Morris opens new Subic warehouse, sees sales growth
- Philip Morris Int’l (PM): Bad Habit, Good Stock





