American Daddy Trader
  • Politics
  • Business
  • Stock
  • Editor’s Pick
  • Politics
  • Business
  • Stock
  • Editor’s Pick

American Daddy Trader

Business

Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

by admin July 17, 2024
July 17, 2024
Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

Zyn users, rejoice: Production is about to ramp up in the U.S.

Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new production facility in Aurora, Colorado, dedicated to manufacturing the popular nicotine pouches.

The move comes as Zyn has been subject to nationwide shortages as a result of its runaway success.

“PMI and its U.S. affiliates are accelerating their mission to move adults who smoke away from cigarettes in the U.S. by investing in new U.S. manufacturing capacity to meet the increasing demand for nicotine options that are scientifically substantiated as better alternatives,” said PMI Americas President and U.S. CEO Stacey Kennedy in a statement.

“We believe Colorado is likeminded in its commitment to innovation, economic opportunity and public health, and we’re eager to work with the state and its talented workforce as we expand our U.S. manufacturing presence.” 

The facility will be constructed over the course of two years, creating 500 direct jobs that pay an average annual salary of $90,000, with ongoing annual economic impact of $550 million and an additional 1,000 indirect jobs. PMI also estimates 1,000 construction jobs will be created as the factory is stood up.

Tuesday’s announcement comes on top of a previously stated plan to increase Zyn production at an existing facility in Kentucky to provide more immediate relief to address the shortage.

Amid its widespread adoption, Zyn has also begun to face questions about its safety. PMI has said its products have been scientifically supported as better alternatives to traditional cigarette use. The FDA’s official stance is that nicotine is addictive and can lead to continued use of tobacco, and that any tobacco or tobacco-alternative products like Zyn are illegal to sell to users under the age of 21.

This post appeared first on NBC NEWS

previous post
Using Nasdaq 100 Specific Breadth to Measure Risk Appetite
next post
GM’s 2025 EV production capacity target in doubt after Barra comments

You may also like

Economic uncertainty reigns as the grip of inflation...

April 10, 2024

Boeing, Alaska Airlines point fingers at each other...

March 14, 2024

How Nvidia doubled earnings, lost almost $300 billion...

September 6, 2024

NFL owners vote in favor of private equity...

August 28, 2024

Domino’s Pizza finally launches stuffed crust to keep...

March 4, 2025

Nvidia’s CEO did a Q&A with analysts. What...

March 22, 2025

Hasbro says it’s taking steps to offset China...

February 22, 2025

Nordstrom to go private in $6.25 billion deal...

December 25, 2024

Amazon AI scammers duped investors out of millions...

March 20, 2025

Hermès to hike U.S. prices for iconic bags...

April 18, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump and Kim Jong Un should make ‘bold decision’ to meet during his Asia trip, South Korean official says

      October 25, 2025
    • Trump admin accuses Hillary Clinton of stealing White House furniture as former first lady slams ballroom plan

      October 25, 2025
    • White House responds to reports Trump named new ballroom after himself

      October 25, 2025
    • Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

      October 25, 2025
    • Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

      October 25, 2025

    Archives

    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024

    Categories

    • Business
    • Editor's Pick
    • Politics
    • Stock
    • Uncategorized
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 americandaddytrader.com | All Rights Reserved