![]() The company reported in 2019 that it held 28.4% of the global market for cigarette and heated tobacco products (HTPS) excluding the US and China. In 2018, PMI and its subsidiaries sold its products in over 180 markets, selling cigarettes, other tobacco products and newer nicotine and tobacco products. According to the Associated Press, Altria decided to separate Philip Morris USA and its international operations in order to “clear the international tobacco business from the legal and regulatory constraints facing its domestic counterpart, Philip Morris USA”. 1 The company is headquartered in New York in the United States (US), but also based operationally in Lausanne, Switzerland and Hong Kong. Philip Morris International (PMI) is the largest tobacco company in the world (excluding the Chinese National Tobacco Corporation). ![]()
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