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PHILIP MORRIS UKRAINE JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
U.S.-Ukraine Business Council (USUBC),
Washington, D.C., Monday, March 11, 2013
FOR IMMEDIATE RELEASE: PHILIP MORRIS UKRAINE JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
WASHINGTON, D.C. - Philip Morris Ukraine (PMU), an affiliated company of Philip Morris International Inc. (PMI), headquartered in New York, a Fortune 500 market leading international company, has been approved for membership in the U.S.-Ukraine Business Council (USUBC).
The announcement was made by the USUBC Executive Committee on behalf of the entire USUBC membership of over 200 companies and organizations who have business operations, investments or other development programs in Ukraine. PMU joins five other Fortune 500 type companies, Amway, DuPont, Ecolab, Intel, and Visa who have recently become members of the U.S.-Ukraine Business Council (USUBC).
PMI has products sold in approximately 180 countries. In 2011, the company held an estimated 16.0 percent share of the international market outside of the U.S., or 28.1 percent excluding the People's Republic of China and the U.S. In terms of market share, it is the number one company in 13 markets and number two in a further ten of the 30 largest markets.
PMI is driven by the aim to generate superior returns for shareholders, provide high quality and innovative products, and reduce the harm caused by tobacco products. The company and its staff work toward this last goal by supporting comprehensive regulation based on harm reduction and developing products with the potential to reduce the risk of disease.
PHILIP MORRIS UKRAINE
In 1994, PMI acquired a majority share of Kharkiv Tobacco Factory, Kharkiv, Ukraine. In 1996 the factory started manufacturing the first international PMI brands in Ukraine Chesterfield and Bond Street. In 2000, the factory began producing Marlboro.
Today Philip Morris Ukraine is the leading tobacco company in Ukraine and directly employs over 1,300 people. The headquarters is located in Kyiv, there are also nine regional offices and the new state-of-the art manufacturing facility in Kharkiv region was inaugurated in 2006.
Philip Morris Ukraine manufactures numerous brands for the domestic market and for export, including Chesterfield, Bond Street, Marlboro, L&M, and Parliament. Philip Morris Ukraine is also the largest private business taxpayer in Ukraine.
PHILIP MORRIS UKRAINE AND USUBC
“We are pleased to join the Council and support its efforts to foster strong business relationships and a good working environment in a country where we are one of the major investors,” said Tatiana Karpova, Director Corporate Affairs for Philip Morris Ukraine.
"USUBC and its members are pleased to be working with Philip Morris," said Morgan Williams, President of the U.S.-Ukraine Business Council (USUBC). "Philip Morris has made a major commitment to Ukraine and the Council appreciates its support and efforts to improve the environment for all businesses in such areas as customs procedures, tax policy and intellectual property rights."
NOTE: For more information Philip Morris International, please visit http://www.pmi.com/eng/pages/homepage.aspx.
USUBC membership has grown rapidly during the past six years. Membership now stands at over 200. In January 2005 membership was eight; two years later it had grown to 22; in January 2009 it reached 100; in January of 2011 topped 150 and in December 2012 it passed the 200 mark. A complete list of USUBC members can be found at: http://www.usubc.org/members.php. For the list of the USUBC board of directors go to: http://www.usubc.org/site/u-s-ukraine-busines-council-board-of-directors.
FORTUNE 500 & OTHER LARGE INTERNATIONAL OR MAJOR PRIVATELY HELD COMPANY MEMBERS
Fortune 500 and other large international or major privately held companies include: Abbott Laboratories, ADM/Toepfer, AES, AGCO, Amway, ArcelorMittal, Boeing, Bunge, Cargill, Case New Holland, Zeppelin (Caterpillar), Chevron, CHS, Citi Group, Coca-Cola, Deere, DHL, DuPont/Pioneer, DTEK, Ecolab, Eli Lilly, ExxonMobil, Halliburton, IBM, Intel, InterContinental Group, Kraft, Louis Dreyfus Commodities, SC Johnson, Mars, Mary Kay, Microsoft, Monsanto, Nobel Resources, Philip Morris, Raytheon, RZB Finance LLC (Reiffeisen), Shell, System Capital Management (SCM), UPS, VISA, Westinghouse, and Xerox.