Philip Morris to begin construction of P1-B warehouse in Q4
Philip Morris Philippines Manufacturing Inc. will begin construction of a P1-billion tobacco leaf warehouse facility in Subic in the last quarter of this year.
Company managing director Chris Nelson said that the facility will have a capacity of 24,000 metric tons and will be completed by mid-2009.
"We already invested in a warehouse in Subic that we renovated and we are about to start building a second facility by the last quarter. This will service mainly the Philippines."
Nelson said that tobacco leaves from its suppliers will be stored in the facility and processed in its cigarette plant in Tanauan, Batangas.
He said the company also plans to export Philippine-made cigarette products to Malaysia and Indonesia.
Philip Morris, part of the Altria Group Inc., earlier invested $300 million for its Batangas factory, which became fully operational in 2003. Judith Balea - ABS CBN
Company managing director Chris Nelson said that the facility will have a capacity of 24,000 metric tons and will be completed by mid-2009.
"We already invested in a warehouse in Subic that we renovated and we are about to start building a second facility by the last quarter. This will service mainly the Philippines."
Nelson said that tobacco leaves from its suppliers will be stored in the facility and processed in its cigarette plant in Tanauan, Batangas.
He said the company also plans to export Philippine-made cigarette products to Malaysia and Indonesia.
Philip Morris, part of the Altria Group Inc., earlier invested $300 million for its Batangas factory, which became fully operational in 2003. Judith Balea - ABS CBN
Labels: Philip Morris, subic bay freeport
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