Papastratos announces 300-mln-euro investment plan

Papastratos, a subsidiary of Philip Morris International, on Wednesday announced a 300-million-euro investment plan to transform its existing factory in Aspropyrgos to a tobacco rod production unit for IQOS.

Τhe new investment will create 400 new job positions and will have multiple, significant and direct benefits to the Greek economy. The investment is part of a commitment made by Philip Morris International and Papastratos for a future free from cigarette smoke. The Aspropyrgos factory will be the third such unit of Philip Morris International globally, after Switzerland and Italy.