Tobacco giant doubles down on Zyn investments, turning away from cigarettes

Tobacco giant doubles down on Zyn investments, turning away from cigarettes

Source: Business WireAuthor: Clayton DeMaineOne of the world’s largest tobacco companies is doubling down on investments in a nicotine pouch production plant in the U.S., committing $1.2 billion to expanding U.S. Zyn production, signaling a further shift away from cigarette manufacturing while Canada maintains its ban on the product.Philip Morris International announced a $1.2 billion investment from 2024-2028 into a Zyn manufacturing campus in …