Philip Morris decides closing factory in Kotri

KARACHI: Philip Morris (Pakistan) Limited, an American multinational cigarette and tobacco manufacturing company, has decided to close down its factory located in Kotri.

In a notice to Pakistan Stock Exchange (PSX) on Monday, the company said that as part of a strategic review to optimize process efficiencies and operational effectiveness and to best position the company for a strong and viable future growth, management of Philip Morris (Pakistan) Limited has decided to reorganize its operational footprints by closing its factory in Kotri located on Plot No. E-15, S I T E Kotri, Pakistan.

The company said it will file an application for closure of the factory and retrenchment of permanent workers employed by PMPKL with the provincial labor department.

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