PMI invests $12B in smoke-free products, aiming to phase out traditional cigarettes globally.

Philip Morris International (PMI) is pushing for a smoke-free future by offering less harmful alternatives to cigarettes. CEO Jacek Olczak highlighted the company's $12 billion investment in smoke-free products, now available in over 90 markets. PMI aims to provide better options for adult smokers, with a focus on scientific validation and regulatory oversight. The company's goal is to eliminate traditional cigarettes globally within the next decade, supported by innovations like IQOS, which has helped reduce smoking rates in Japan.

2 months ago
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