Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 23 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/09/15

Philip Morris sets up $600-M Regional Leaf Warehouse at Subic Freeport

Manila (15 September) -- Philip Morris Inc. (PMI) is set to establish before year-end a $600-million PMI Regional Leaf Warehouse at the Subic Freeport in Zambales, further boosting President Gloria Macapagal-Arroyo's vision of the Freeport as a regional hub for the Asia-Pacific region.

This was revealed by PMI Philippines Manufacturing Inc. President Christopher James Nelson to the President when he paid a courtesy call on her at Malacañang's Music Room yesterday afternoon.

Nelson said once the regional leaf warehouse is in place, all tobacco leaf harvests in the country and in the region would be stored here and would be shipped to other PMI manufacturing firms all over the world.

"This will tremendously help our tobacco farmers in the North…their production will increase," Sen. Richard Gordon, who accompanied Nelson, said.

Gordon further said that PMI is planning to negotiate with Thailand the sale of Philippines-manufactured PMI cigarettes in that country.

But, most importantly, Gordon said the PMI warehouse at Subic would be a "great support to the development of Subic as a regional hub.

PMI Philippines, an affiliate of PMI, is one of the market leaders in the Philippine cigar and cigarette industry that produces and sells PMI's well-known cigarette brands.

PMI's presence in the Philippines could be traced back to 1955 when it entered into a licensing agreement with La Suerte Cigar and Cigarettes Inc. From then on, PM products were introduced in the country until 2001 when PMI acquired its license to exclusively sell and distribute its products. (OPS) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»IFELCO upgrades power supply
»Ifugao opens small and medium entrepreneurs bazaar
»Ifugao tops national achievement test in CAR
»Kiangan dads oppose proposed Lagawe dump site
»Ifugao resolution enacting "moma" ordinance passed
»Lagawe mayor sees more revenue in new public market
»Police spearheads Day of Prayer in Bontoc
»Lagawe MPOC vows to combat illegal gambling
»DPWH Cordillera top honcho rebuts critics
»Taiwan-Fil biz matching to highlight DATE '07
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines