December 15, 2017 4:31 AM ET

Tobacco

Company Overview of Philip Morris Asia Limited

Company Overview

Philip Morris Asia Limited operates as a subsidiary of Philip Morris International, Inc.

Devon House

Taikoo Place

979 King's Road

Quarry Bay

Eastern,  

Hong Kong

Key Executives for Philip Morris Asia Limited

Philip Morris Asia Limited does not have any Key Executives recorded.

Philip Morris Asia Limited Key Developments

Australia Wins Plain Packaging Lawsuit Against Philip Morris

Australia has won a lawsuit against Philip Morris Asia, which strengthens the federal government's plain packaging rules in the country. Introduced in 2011, the legislation for plain-packaging was opposed by the tobacco giant citing reasons that it infringed foreign investment protections guaranteed by the country in its investment promotion and protection agreement (IPPA) with Hong Kong. The tobacco giant is believed to be displeased with the new decision issued by arbitral tribunal. The 2011 regulation has specified the use of standardised and unbranded packaging for cigarette sales. Tobacco firms have been banned from using any forms of branding on their products, which even considers the use of logos and colours. Uniform packaging rules introduced in the country require manufacturers to print health warnings on the cigarette packs.

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