Trend Future Income
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Trend Future Income

Business

Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

by July 17, 2024
July 17, 2024
Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

Zyn users, rejoice: Production is about to ramp up in the U.S.

Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new production facility in Aurora, Colorado, dedicated to manufacturing the popular nicotine pouches.

The move comes as Zyn has been subject to nationwide shortages as a result of its runaway success.

“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 in a statement.

“We believe Colorado is likeminded 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 facility will be constructed over the course of two years, creating 500 direct jobs that pay an average annual salary of $90,000, with ongoing annual economic impact of $550 million and an additional 1,000 indirect jobs. PMI also estimates 1,000 construction jobs will be created as the factory is stood up.

Tuesday’s announcement comes on top of a previously stated plan to increase Zyn production at an existing facility in Kentucky to provide more immediate relief to address the shortage.

Amid its widespread adoption, Zyn has also begun to face questions about its safety. PMI has said its products have been scientifically supported as better alternatives to traditional cigarette use. The FDA’s official stance is that nicotine is addictive and can lead to continued use of tobacco, and that any tobacco or tobacco-alternative products like Zyn are illegal to sell to users under the age of 21.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
next post
Shares in gun manufacturers soar after Trump assassination attempt

You may also like

Express files for bankruptcy, plans to close nearly...

McDonald’s says $5 value meal sales are hot...

Judge temporarily blocks sports streaming service owned by...

Wendy’s will offer $3 breakfast deal, as rivals...

American Airlines fined $4.1M for dozens of long...

ESPN networks, ABC and Disney channels go dark...

WeWork, the office-sharing company once valued at $47B,...

Hunter Biden sues Fox News under New York’s...

Domino’s Pizza finally launches stuffed crust to keep...

Walmart says users of weight loss drugs are...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Political world reacts to former President Biden’s ‘aggressive’ cancer diagnosis: ‘Incredibly difficult’

    • Trump wishes Biden ‘fast and successful recovery’ after prostate cancer diagnosis

    • Joe Biden diagnosed with ‘aggressive form’ of prostate cancer with metastasis to the bone

    • Rubio teases details of potential Trump, Putin in-person meeting after Russia-Ukraine ceasefire talks stall

    • Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

    Categories

    • Business (1,654)
    • Investing (4,859)
    • Politics (7,689)
    • Uncategorized (2)
    • World (6,235)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: trendfutureincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 trendfutureincome.com | All Rights Reserved


    Back To Top