Philip Morris International Plans Aurora, Colorado, Manufacturing Operations
07/19/2024
The facility will produce Swedish Match ZYN nicotine pouches to help meet the growing global demand for smoke-free products. Preliminary operations are scheduled to begin by the end of 2025.
“PMI and its U.S. affiliates are accelerating their mission to move adults who smoke away from cigarettes in the U.S. by investing in new U.S. manufacturing capacity to meet the increasing demand for nicotine options that are scientifically substantiated as better alternatives,” said PMI Americas President and U.S. CEO Stacey Kennedy. “We believe Colorado is like minded in its commitment to innovation, economic opportunity and public health, and we’re eager to work with the state and its talented workforce as we expand our U.S. manufacturing presence.”
The Colorado Economic Development Commission approved up to $4,553,743 in Job Growth Incentive Tax Credits for PMI over an eight-year period for the creation of up to 500 net new jobs. The performance-based incentives are issued in arrears and contingent upon the company meeting salary requirements.
“Certainly on logistics, we're well situated on supply routes, whether it's rail truck or air Colorado, the center of the country well suited for advanced manufacturing,” said Governor Jared Polis. “But beyond that, they often look at workforce and the cost of doing business, and we have deep commitments to both.”
ZYN nicotine pouches do not contain tobacco and are inherently smoke-free.
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