The managing director of Philip Morris Russia, Mr Kursat Kocdag, has announced that the company is planning to invest around US$ 300 million in Russia over the next three to four years
Most of the money will be used for building a new factory near St. Petersburg. Philip Morris has already invested around US$ 70 million for the building of its Krasnodar plant and US$ 50 million in its Newa factory.
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