Philip Morris Plans $680 Million Factory in Lower-Risk Push

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Sirius

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  • [*=left]The largest publicly traded tobacco company, will spend as much as 500 million euros ($680 million) on a new factory in Italy as part of a drive to make products with lower health risks.
    The plant, near Bologna, will start producing tobacco products that are heated with a special device rather than burned at the end of 2015 or early 2016, the New York-based company said in a statement today. The factory will have capacity to produce as many as 30 billion units a year, equivalent to about 6 percent of the European Union’s cigarette sales, the company said.
    Top U.S & InternationalNews Headlines - Bloomberg /2014-01-10/philip-morris-picks-italy-for-first-factory-for-new-cigarettes.html


    Wells Fargo Securities expects e-cigarette revenue at Reynolds American, the parent company of R.J. Reynolds Tobacco Co., to reach $4 billion by 2021, according to the Winston-Salem Journal.
    The FDA plans to propose regulation of e-cigarettes possibly as soon as October, the Wall Street Journal says.
    Gifford says the sales of MarkTen in Indiana will help Philip Morris USA “to understand what consumers want out of an e-cigarette. We certainly see it as small right now, but we also see it as an opportunity.”
    Virginia, USA, Business News | Virginia Business /opinion/article/factory-shows-that-richmond-is-still-a-tobacco-town

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Anyone that thinks e-cigs are going to be regulated because of fear that children will get their hands on them has their head stuck in the sand.
 
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Sirius

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I'll even go out on a limb here and say that big money has bought the politicians, and that October will see measures taken to smother any small businesses that have anything to do with e-cigs. Vote the skunks out I say. Hound them to kingdom come with phone calls, emails, and letters to their grandmas if you think it will help any!

Go Josey Wales on those idiots!!

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Sirius

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Auntie Mame

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What I found most telling in the Forbes article was how they kept referring to PM's new products as products that contain tobacco not tobacco products (nicotine). They also seem to imply these new "safer cigarettes" would mimic the taste of their leading products such as Marlboro. I cannot imagine how they could duplicate the taste without adding some of the very items ingredients that cause the most harm.

I also believe they will have proprietary devices and carts and may cost more per package than analogs as they will promote it all to portray something less harmful. With analog smoking declining, they need to earn more. I'm betting on something shiny and advertising that says we're the experts, trust us and will portray the current market ejuice providers as something between illegal substance labs and dirty diner kitchens.
 
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Sirius

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What I found most telling in the Forbes article was how they kept referring to PM's new products as products that contain tobacco not tobacco products (nicotine). They also seem to imply these new "safer cigarettes" would mimic the taste of their leading products such as Marlboro. I cannot imagine how they could duplicate the taste without adding some of the very items ingredients that cause the most harm.

I also believe they will have proprietary devices and carts and may cost more per package than analogs as they will promote it all to portray something less harmful. With analog smoking declining, they need to earn more. I'm betting on something shiny and advertising that says we're the experts, trust us and will portray the current market ejuice providers as something between illegal substance labs and dirty diner kitchens.

I'm pretty sure that they mean e-cigarettes that mimic Marlboro Reds and Menthol. Probably will only have that as standard as that will mean they won't have to pay the high cost for flavors only having two. Not sure though.
 

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Sirius

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Philip Morris's Smokeless Cigarette Alternatives: Video - Bloomberg

This is from Bloomberg-the most interesting thing this guy had to say was that although the PM electronic device would contain PG so that the user could exhale what would look like smoke, it will not be vapor. My reaction was, HUH?

Leaf vaporizer then I think that Analyst Thilo Wrede is saying? Yes that seems to be what he is saying but I think this will me moderated as unless things have changed around here, we can't talk about that.
 

Sirius

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Auntie Mame..I found their product..Idk if the link will be up long but this is it:
http://nypost.com/2014/06/26/philip-morris-to-debut-e-cig-with-real-tobacco/

The short, cigarette-like sticks are heated to maximum of 660 degrees Fahrenheit (350 degrees Celsius) in a hollow pen-like device called iQOS (pronounced EYE-cohs) to create a tobacco-flavored nicotine vapor. Unlike popular e-cigarettes that use liquid nicotine, HeatSticks contain real tobacco, a point the company believes will make them more attractive to cigarette smokers.
 

stevegmu

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Their new product heats tobacco to a temperature to produce vapor, rather than nic juice... It isn't an e-cig as we know it, but rather a tobacco vaporizer.

If one really believes money had bought politicians, why bother? It is over. If I really thought the government were bought and paid for by nefarious corporations , I'd leave, because I could never live in a country like that.
 

Sirius

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Their new product heats tobacco to a temperature to produce vapor, rather than nic juice... It isn't an e-cig as we know it, but rather a tobacco vaporizer.

If one really believes money had bought politicians, why bother? It is over. If I really thought the government were bought and paid for by nefarious corporations , I'd leave, because I could never live in a country like that.

Who says public service has to be a sacrifice? Georgia legislators love to gripe about their crappy salaries, but Balfour in 2011 knocked down at least $101,422 in publicly disclosed compensation, lobbyists’ gifts and other perks for his government service. Those benefits included:
$17,341 annual salary
$ 8,650 per diem for 50 legislative days
$21,279 per diem for 123 additional committee days
$ 4,680 mileage reimbursements for commuting from Snellville
$13,646 lobbyist gifts
$29,346 campaign payments to lease an Atlanta condo
$ 6,480 additional pension benefit (based on cumulative payout over 15 years)
Balfour’s campaign spent nearly $30,000 to have the Atlanta condo available year-round. After the Legislature adjourned in April 2011, though, he requested state mileage reimbursements indicating he had driven home to Snellville on every day when he conducted public business.
In August 2012, Balfour settled a complaint filed with the Senate Ethics Committee by agreeing to pay a $5,000 fine for incorrectly claiming per diem or mileage reimbursements on 17 days in 2011 and one in 2009. A Fulton County grand jury indicted him in September 2013 for making false expense claims, and Gov. Nathan Deal suspended him from office in November 2013. A month later, he was found not guilty at trial.
Since 2003, Balfour’s campaign has reimbursed him for $17,030 of expenses without disclosing the end recipient of the money and, frequently, without listing the nature of the expense. State law requires disclosure of those details so regulators and the public can assess whether the expenditures were legitimate.
Balfour’s relationship with Marcia Rubensohn, a lobbyist for the Georgia Municipal Association, was the subject of a broadcast report by WGCL-TV/CBS 46 in 2010. The station reported that Rubensohn had bought the senator lunch 20 times over several years and that the two had traveled together on a 2009 trip to Israel.
Balfour’s financial disclosures failed to mention his involvement with the National Christian Scholarship Foundation. Registration papers filed with the Georgia secretary of state list Balfour as the foundation’s CEO and CFO in 2007 and 2008. The IRS revoked the organization’s tax-exempt status in 2011 for failing to file returns for three consecutive years.
The American Legislative Exchange Council awarded “scholarships” totaling $4,792 to Balfour from 2005 to 2009, records show. Corporate donors — including petroleum, pharmaceutical, utility, tobacco and health-care interests — funded the scholarships, which were meant to cover the costs of airfare and lodging to attend ALEC functions. The donations generally are not disclosed as lobbyist gifts, since ALEC has no registered lobbyist in Georgia.
Political career
First elected in 1992, Balfour is now the longest-serving Republican in the Senate. (A few Democrats who later switched parties were elected earlier than Balfour.) He’s drawn virtually no opposition in 20 years of elections but handily defeated Democratic challengers three times since 2004 and two Republican primary opponents in 2010. Balfour briefly entered the 7th District race for Congress in March 2010, then changed his mind and announced he was retiring from the Georgia Senate. A month later, he changed his mind again and sought re-election to his Senate seat. Before running for office, Balfour served as treasurer of Waffle House’s political action committee, WAFFLEPAC, which was dissolved by the Federal Election Commission in 1993.



https://www.opensecrets.org/

This happens all the time in government. From local to federal.
 

Sirius

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Looks like it is time to leave. Having lived in Russia for a little while, I can tell you what an open, honest political system they have...

IMO we still have the best country to live in..that is why people are breaking our laws to come here. Bad politicians and all.
 

Anjaffm

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Auntie Mame..I found their product..Idk if the link will be up long but this is it:
http://nypost.com/2014/06/26/philip-morris-to-debut-e-cig-with-real-tobacco/

The short, cigarette-like sticks are heated to maximum of 660 degrees Fahrenheit (350 degrees Celsius) in a hollow pen-like device called iQOS (pronounced EYE-cohs) to create a tobacco-flavored nicotine vapor. Unlike popular e-cigarettes that use liquid nicotine, HeatSticks contain real tobacco, a point the company believes will make them more attractive to cigarette smokers.

wait a minute... is there a real Marlboro cigarette sticking out of that black thing?

Now, I have heard the saying "have your cake and eat it too". This thingy looks very much like "Sell your cigarettes and have people vape them too". Huh? What the heck would be the advantage of buying cigarettes, paying all that money in taxes and then putting the expensive, strongly taxed cigarettes into an electric device that costs money as well?

Uhm. Duh?

Now, they are currently mentioning "cigarette-like sticks". Anybody wanna take a bet how long it would take the gov't (of any country) to tax - and demonize - those "cigarette-like sticks" like real cigarettes? Any takers? Rolling tobacco, anyone?
 

Sirius

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wait a minute... is there a real Marlboro cigarette sticking out of that black thing?

Now, I have heard the saying "have your cake and eat it too". This thingy looks very much like "Sell your cigarettes and have people vape them too". Huh? What the heck would be the advantage of buying cigarettes, paying all that money in taxes and then putting the expensive, strongly taxed cigarettes into an electric device that costs money as well?

Uhm. Duh?

Now, they are currently mentioning "cigarette-like sticks". Anybody wanna take a bet how long it would take the gov't (of any country) to tax - and demonize - those "cigarette-like sticks" like real cigarettes? Any takers? Rolling tobacco, anyone?

Well Anja..they have certainly found their "niche" in the e-cigarette market. Idk how they work but yes, it would seem the ol bacca leaf cig will be around that much longer indeed.
 
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