September 19, 2014 12:49 AM ET

Tobacco

Company Overview of Philip Morris (Malaysia) Sdn. Bhd.

Company Overview

Philip Morris (Malaysia) Sdn. Bhd. operates as a subsidiary of Philip Morris International Inc.

16th Floor, Menara Milenium

No. 8 Jalan Damanlela

Bukit Damansara

Kuala Lumpur,  50490

Malaysia

Founded in 1993

Phone:

60 3 2080 5600

Key Executives for Philip Morris (Malaysia) Sdn. Bhd.

Philip Morris (Malaysia) Sdn. Bhd. does not have any Key Executives recorded.

Philip Morris (Malaysia) Sdn. Bhd. Key Developments

Philip Morris (Malaysia) Sdn. Bhd. to Restructure its Manufacturing Operations; to Eliminate 220 Full-Time Jobs Related to Cigarette Manufacturing

Philip Morris (Malaysia) Sdn. Bhd. announced that it will restructure its manufacturing operations in line with its decision to increase production of processed tobacco for export and discontinue local cigarette manufacturing. The resulting change will double production capacity for processed tobacco, known as cast leaf, through a new MYR 70 million investment. The restructuring exercise will eliminate about 220 full-time jobs related to cigarette manufacturing. The company's Managing Director Tarkan Demirbas informed that a combination of increasing costs related to cigarette manufacturing and the continued high level of the illicit cigarette trade in Malaysia were key drivers for the decision to discontinue local cigarette production.

Similar Private Companies By Industry

Company Name Region
Philip Morris (Malaysia) Sdn. Bhd. Asia
PT. Sampoerna JOO Lan Sdn. Bhd. Asia
JT International Bhd Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Philip Morris (Malaysia) Sdn. Bhd., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.