Philip Morris International Company is the largest cigarette manufacturer in the world, and its products are sold to more than 80 countries outside the United States. The company's most recognized and best-selling product is Marlboro.
Before the spin-off in March 2008, Philip Morris was the operating company of Altria Group. Altria explained the spin-off, thinking that under the limitation of American enterprise ownership, PMI will have more "freedom" in the potential litigation and legislative restrictions of "pursuing sales growth in emerging markets", while Altria focuses on the United States.
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Since the late 1950s, Philip Morris Company began to diversify, mainly focusing on three areas: packaging industry, beer industry and food industry. With the development of the three core businesses, Philip Morris's position in the American industry has been continuously improved.
From 1955 to 1983, the annual growth rate of the company's sales was 24.7%. After entering the 1980s, the company continued to maintain a high-speed growth momentum. From 1982 to 199 1, the company's annual sales increased from $9 102 million to $48.064 billion, with an average annual growth rate of 20.3%. In the same period, the company's annual profit increased from 782 million dollars to 3.927 billion dollars, with an average annual growth rate of 19.6%.
Baidu Encyclopedia-Philip Morris International Company