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April 25, 2015 10:51 AM ET

Tobacco

Company Overview of UAB Philip Morris Lietuva

Company Overview

UAB Philip Morris Lietuva operates as a subsidiary of Philip Morris International, Inc.

Vilniaus plentas 16

Klaipeda,  94104

Lithuania

Founded in 1993

Phone:

370 46 484 444

Fax:

370 46 343 922

Key Executives for UAB Philip Morris Lietuva

UAB Philip Morris Lietuva does not have any Key Executives recorded.

UAB Philip Morris Lietuva Key Developments

Philip Morris to Invest Further EUR 40 Million in Klaipeda Tobacco Factory Expansion

Following the recent closure of its Dutch factory, Philip Morris is investing another EUR 39.7 million in expanding its cigarette manufacturing facility in Klaipeda, with the investment expected to increase its production output by 40%. The project has already been launched and is expected to be completed at the end of next year. Most of the investment will go toward new equipment and to build two new wings. The expansion project will create 40 new jobs.

Philip Morris Lietuva Announces Audited Earnings and Production Results for the Year of 2013

Philip Morris Lietuva announced audited earnings and production results for the year of 2013. For the year, the company's revenues grow by 8.3% to LTL 145.046 million (EUR 42.04 million), from LTL 133.874 million in 2012. Net earnings shrank by an annual 4.7% to LTL 24.443 million. For the year, the company produced 23.2 billion cigarettes, up 3.5% from the output of 22.4 billion cigarettes in 2012.

Similar Private Companies By Industry

Company Name Region
UAB Philip Morris Lietuva Europe

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