(Reuters) - Altria said it plans to consolidate U.S. cigarette
manufacturing in Richmond, Va., and that Philip Morris
International will shift the sourcing of about 57 billion
cigarettes from Cabarrus to Europe by the third quarter of
2008.
The company expects to record an initial pre-tax charge of
about $325 million, or 10 cents a share, in the second quarter
for costs related to the program, with additional estimated
charges of about $50 million for the remainder of 2007.
Read more at Reuters.com Government Filings News
manufacturing in Richmond, Va., and that Philip Morris
International will shift the sourcing of about 57 billion
cigarettes from Cabarrus to Europe by the third quarter of
2008.
The company expects to record an initial pre-tax charge of
about $325 million, or 10 cents a share, in the second quarter
for costs related to the program, with additional estimated
charges of about $50 million for the remainder of 2007.
Read more at Reuters.com Government Filings News
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