In March 2008, upon spinning off from Altria, Philip Morris International
(PMI) became the largest multinational tobacco company in the world,
with products sold in approximately 160 countries and an estimated
15.6% share of the international cigarette market outside the U.S..
The company's 2008 Annual
Report details how well the company is doing worldwide since being
"unleashed" -- with net revenues up 15.2% from the year
before and cigarette volume up 2.5% to a whopping 859.8 billion
units (6 1/2 cigarette packs for each and every person in the world!).
The company credits "emerging markets" for driving its
growth, with net revenues up 21.8% in Eastern Europe, Middle East
and Africa, 10.1% in Asia, and 23% in Latin America and Canada.
In short, PMI is a colossal and ever-growing global public health
disaster that must be contained.
On May 5, 2009, PMI held
its inaugural shareholder meeting (as an independent company) in
New York City. On that day, tobacco control groups and advocates
around the world* engaged in activities to draw attention to the
company's aggressive global expansion and need for governments to
take effective action to counter it.
50 groups in 20 countries planned to participate in the international
day of action
information about the International Day of Action:
Global Youth Action on Tobacco Network/
Tel: +1 202-413-9656
Email: awhite (at) essential.org
Framework Convention Alliance
Tel:: +61 416 361 759 (mobile)
Tel: :+61 2 8206 9495
Email: cavanaghs (at) fctc.org