Philip Morris readies aggressive global push: division spinoff enables blitz of new products; high-tar smokes in Asia

Article Abstract:

The board of directors of Altria Group Inc. are expected to approve splitting off Swiss-based Philip Morris International Inc. from Philip Morris USA, thus freeing PMI from US regulations on tobacco products. PMI would be free to begin developing new products to increase corporate growth, such as full-tar cigarettes in China.

Strategy & planning, Marketing procedures, FOOD AND KINDRED PRODUCTS, TOBACCO PRODUCTS, Tobacco farms, United States, Planning, Food industry, Marketing, Tobacco industry, Company marketing practices, Philip Morris Inc., Company business planning, Altria Group Inc., Food and beverage production/distribution software, Philip Morris International Inc.

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PKN Orlen's Czech challenge

Article Abstract:

PKN Orlen S.A. of Poland is restructuring its subsidiary Unipetrol AS of the Czech Republic in a bid to increase market share and become the leader in the European market. Unipetrol AS is being turned around with the divesting of noncore assets, pesonnel changes and the clearing out of legal disputes.

Europe, Czech Republic, Poland, Cyclic crudes and intermediates, Petroleum chemicals industry, Petrochemicals industry, Unipetrol A.S., PKN Orlen S.A., Company overview

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Credit Suisse sees scant interest in insurance unit

Article Abstract:

Credit Suisse Group's subsidiary Winterthur Insurance Co. is on the block but there has been little interest in an acquisition.

Switzerland, INSURANCE CARRIERS, Insurance industry, CSR, Credit Suisse Group, Winterthur Insurance Co.

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