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Corporate News > Philip Morris
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Swedish Match and PMI dissolve smokeless JV

Philip Morris International (PMI) and Swedish Match dissolved their joint venture begun in 2009 to market smokeless tobacco products outside Scandinavia and the US

“There is a small but growing demand for snus in current joint venture markets. The development has, however, taken longer than the parties had initially anticipated. As a consequence the parties have mutually agreed to dissolve the joint venture,” said Swedish Match. SMPM International was a 50/50 joint venture that most...

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