Philip Morris International (PMI) agreed to increase its annual purchase of domestic tobacco by 33 per cent this year and by about 5 per cent in each of the two succeeding years, the company announced.

Terms of the three-year renewal of the Framework Collaboration Agreement with the Ministry for Agriculture, Food and the Environment were not revealed.
“We are pleased with this agreement which reaffirms the support of the Spanish government, the regional government of Extremadura and PMI for the continued, sustainable growth of quality tobacco leaf in Spain. Despite the increasingly competitive and continually changing business environment, PMI remains committed to the future of this sector and the jobs it creates in Spain,” said Drago Azinovic, PMI president for the European Union region. (ci)