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PMI to build USD 320 mn plant in Germany

Philip Morris International will invest USD 320 million (EUR 286 million) in a new German plant to make tobacco heating sticks that is expected to be fully operational in early 2019, PMI said

About 500 jobs will be created at the 80,000 m2 facility in Dresden. Tobacco heating sticks sold under the Heets brand are used in PMI’s IQOS tobacco heating stick. The German factory will complement heat stick production plants in Italy, Switzerland and a plant undergoing conversion in Greece....

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