OAN Staff James Meyers
9:10 AM – Wednesday, August 28, 2024
Philip Morris International (PMI) has announced they are making a major investment of $232 million to expand production capacity for ZYN nicotine pouches at its Ownesboro, Kentucky plant, to help meet the strong demand.
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The investment will be made through one of PMI’s Swedish Match affiliates, and comes just one month after the tobacco giant announced an investment of $600 million to open a ZYN manufacturing facility in Colorado.
Meanwhile, shipments of ZYN slowed to a growth of 54% in the second quarter, as higher demand for the product caused short-term supply chain constraints and impacted value growth.
ZYN is considered an alternative…
