Philip Morris International to invest 490 million euros in Romania, employ 300Staff Writer | July 25, 2017
Philip Morris International said it is investing about EUR490 million to transform its cigarette production factory in Otopeni, near Bucharest, Romania, into a high-tech facility to manufacture HEETS, the tobacco units used with the electronic tobacco heating device IQOS.
New jobs Romania will join a growing list of countries
While the investment is expected to create about 300 additional jobs at the Romanian facility, the conversion into a HEETS production facility has already commenced and is expected to be completed and fully operational by 2020.
Romania will join a growing list of countries where PMI manufactures heated tobacco units for IQOS.
IQOS is one of four scientifically substantiated smoke-free product platforms that PMI is developing to address adult smoker demand for better alternatives to cigarettes. ■