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On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. [10] Even under this new name, Altria continues to own 100% of Philip Morris USA (abbreviated PM USA). In the fall of 2003, Philip Morris USA moved its headquarters from New York City to Richmond, Virginia.
The Philip Morris Blended Leaf Complex Historic District encompasses a complex of tobacco storage and processing facilities at 2301 Maury Street in Richmond, Virginia. Included in the 12-acre (4.9 ha) site are a series of warehouses and cigarette-making factories developed beginning in the 1950s.
Altria Group, Inc. (previously known as Philip Morris Companies, Inc. until 2003) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and medical products in the treatment of illnesses caused by tobacco.
Philip Morris International's research center is located in Neuchatel, Switzerland and houses Philip Morris International's product research and development program. [38] As of April 2018, earnings reports showed the company had spent $4.5 billion on four products: two that heat rather than burn tobacco, and two other nicotine products. [39]
Resnik began his career as a research chemist with Philip Morris in Richmond, Virginia during the 1950s. In 1980, he was named executive vice president of Philip Morris' Tobacco Technology Group. In 1984, he was named president and CEO of Philip Morris USA. In 1989, he became chairman of that same company. In 1988, he received the Horatio Alger ...
Some residents commute from this area to the Philip Morris factory in south Richmond. In the 1990s new manufacturing jobs were established in the area, with manufacturing of industrial-grade metals and ceramics. Numerous prisons were established in the area, and employed local people in relatively high-paying security jobs.
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