Greece: Philip Morris to Buy 50% of Greek Tobacco Production

Source from:  New Europe  03/01/2013

Philip Morris International, the American tobacco company is set to buy more than half of the Greek tobacco production in the coming three years the Greek International Business Council announced on 28 February.

In a statement the GEAN announced Philip Morris' "stamp of approval to Greece's producers as the multinational will absorb in the next three years a significant part of the 15,000 tobacco producers in Northern Greece."
 
The quantity they are looking to buy for the period 2013 - 2015 amounts to 50% of Greek production.
 
Philip Morris International describes itself as a leading international tobacco company, with products sold in more than 180 countries.
 
"In 2012, we held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People's Republic of China and the U.S," a statement about their company says.
 
The Greek International Business Council considers this as a stamp of approval on Greek agriculture. Enditem