Company type | Public |
---|---|
PSX: PMPK | |
Industry | Tobacco |
Founded | 1969[1] |
Headquarters | , |
Products | Cigarettes |
Revenue | Rs. 18.219 billion (US$63 million) (2023) |
Rs. 1.046 billion (US$3.6 million) (2023) | |
Rs. 323.663 million (US$1.1 million) (2023) | |
Total assets | Rs. 30.534 billion (US$110 million) (2023) |
Total equity | Rs. 15.594 billion (US$54 million) (2023) |
Owner | Philip Morris International (97.65%) |
Number of employees | 644 (2023) |
Parent | Philip Morris International |
Website | www |
Footnotes /references Financials as of 31 December 2023 [update] [2] |
Philip Morris Pakistan, formerly known as Lakson Tobacco Company, is a Pakistani tobacco manufacturing company which is a subsidiary of Philip Morris International. It is headquartered in Karachi, Pakistan. The company is involved in the manufacturing and sale of cigarettes and tobacco products. [3]
It is the second-largest tobacco company in Pakistan after Pakistan Tobacco Company. [4]
Philip Morris Pakistan was founded in 1969 as a joint venture between Lakson Group, Philip Morris International, and Rothmans International. [5] [3] It was then known as Lakson Tobacco Company as 51 percent of the shareholding was held by Lakhani family. [5] Two years later, in 1971, it was listed on the Karachi Stock Exchange. [5]
In 1997, Premier Tobacco was merged into Lakson Tobacco Company. [5] Premier Tobacco was founded in 1952 by SA Samad as a joint venture with Philip Morris and Rothmans International. [5] Premier Tobacco became a listed company on the Karachi Stock Exchange in 1955. [5] In 1984, Samad sold his controlling stake to Sadruddin Hashwani of Hashoo Group, which was ultimately acquired by Lakhani family from Hashwani in 1987. [5]
In 2007, Philip Morris International increased its shareholding in the company to 97 percent and renamed it as Philip Morris Pakistan. [6]
In 2015, Philip Morris shut down its plant in Mandra, Rawalpindi District due to rising costs and smuggling of tobacco in Pakistan. [7] 141 employees lost their jobs. [8]
In 2019, Philip Morris closed Kotri plant in order to restructure their finances. [9] As a result, 193 employees lost their job. [9]
By 1996, Philip Morris had an installed capacity to produce 18.76 billion cigrattes in three factories located in Dadu, Karachi, and Sahiwal. [5] Until 1991, the company also operated a factory in Mardan, but it was closed due to the rise of smuggling. [5] [10] The company currently operates two factories in following cities:
British American Tobacco p.l.c. (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products including electronic cigarettes. The company, established in 1902, is headquartered in London, England. As of 2021, it is the largest tobacco company in the world based on net sales and the third largest seller of vapes in the UK.
Marlboro is an American brand of cigarettes owned and manufactured by Philip Morris USA within the United States and by Philip Morris International outside the US except Canada where the brand is owned and manufactured by Imperial Tobacco Canada. Marlboro's largest cigarette manufacturing plant is located in Richmond, Virginia.
Philip Morris USA is an American tobacco company. They are a division of the American tobacco corporation Altria Group. It has been the leading cigarette manufacturer in the U.S. since the late 20th century. Its major brands include Marlboro, Virginia Slims, Benson & Hedges, Merit, and Parliament.
Rothmans, Benson & Hedges Inc. (RBH) is a Canadian manufacturer and distributor of tobacco products. It was formed by the merger of the Canadian units of Rothmans International and the Benson & Hedges brand – owned by Philip Morris International.
Sahiwal, formerly known as Montgomery, is a city in Punjab, Pakistan. It is the 21st largest city of Pakistan by population and the administrative capital of both Sahiwal District and Sahiwal Division. Sahiwal is located approximately 180 km from the major city Lahore and 100 km from Faisalabad and lies between Lahore and Multan. Sahiwal is approximately 152 meters above the sea level.
Winfield is an Australian brand of cigarettes, currently owned by multinational company British American Tobacco. Cigarettes are manufactured and imported by British American Tobacco Australia (BATA), a subsidiary of British American Tobacco.
Philip Morris International Inc. (PMI) is an American multinational tobacco company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often referred to as one of the companies comprising Big Tobacco.
The Lakson Group is a group of companies headquartered in Karachi, Sindh.
PMFTC, Inc. is the Philippine affiliate of Philip Morris International (PMI). Owned 50-50 by PMI and local conglomerate LT Group, PMFTC is the leading cigarette manufacturer in the Philippines, controlling over 90% of the local market, commercialising the brands Fortune International, Hope Luxury, Marlboro, and More, among others.
Pakistan Tobacco Company Limited is a Pakistani tobacco manufacturing company which is a subsidiary of British American Tobacco. It is headquartered in Islamabad, Pakistan and is the biggest cigarette maker in Pakistan. It has two factories which are located in Akora Khattak, and Jhelum.
The Express Tribune is a daily English-language newspaper based in Pakistan. It is the flagship publication of the Lakson Group media group. It is Pakistan's only internationally affiliated newspaper in a partnership with the International New York Times, the global edition of The New York Times.
Mighty Corporation is a Filipino corporation and was the second largest cigarette manufacturer in the Philippines from 2010 to 2017. On September 8, 2017, Japan Tobacco acquired Mighty Corporation's cigarette business in the amount of ₱46.8 billion, paving the way for the full payment of ₱30 billion to the Philippine government as part of the agreement for Mighty Corporation to settle its unpaid tax liabilities.
Codentify is the name of a product serialization system developed and patented back in 2005 by Philip Morris International (PMI) for the verification of authenticity and production volume, as well as supply chain control of tobacco products. In the production process, each cigarette package is marked with a unique visible code, that allows authenticating the code against a central server.
Nishat Chunian Limited is a Pakistani vertically integrated textile company based in Lahore. It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.
Philip Morris is an American brand of cigarettes, currently owned by Philip Morris International. Cigarettes are manufactured by the firm worldwide except in the US, where Philip Morris USA produces tobacco products.
Belmont is a Canadian brand of cigarettes, currently owned and manufactured by Philip Morris International (PMI) in most parts of the world.
Iqos is a line of heated tobacco products designed to be used with tobacco and zero-tobacco nicotine-containing consumables. They are manufactured by Philip Morris International (PMI). The brand was first introduced in November 2014 in Japan and Italy. At the end of 2023, smoke-free products made up nearly 40% of PMI's total net revenue and gross profit, with Iqos surpassing Marlboro in terms of net revenue.
Tobacco industry in Pakistan is a major employment provider in farming, manufacturing, distribution, and retail in Pakistan. Most of the agricultural cultivation is based in Charsadda District, Mardan District, Nowshera District, and Swabi District of Khyber Pakhtunkhwa.
McDonald's Pakistan is the Pakistani affiliate of the international fast food chain, McDonald's, owned and operated by SIZA Foods. Its first restaurant was established in Lahore, followed by a second restaurant a week later in Karachi, in September 1998.
Veev is a brand of electronic cigarettes manufactured by Philip Morris International (PMI).