Pappastratos: Increased profits and €200 million investment

Pappastratos, a subsidiary of Philip Morris International (PMI), announced significant progress in 2024, with increased profitability and strengthening of its organizational structure.

The financial results of 2024 confirm the company's growth trajectory, with an emphasis on exports. The completion of the construction of new facilities in Aspropyrgos, with an investment of €200 million, will play an important role.

The investment includes a new production line building, a modern warehouse, the installation of four new production lines for heated tobacco rods and a tobacco processing line, increasing production capacity.