Philip Morris Operations
{{short description|Tobacco company in Niš, Serbia}}
{{Infobox company
| name = Philip Morris Operations
| logo =
| logo_size =
| logo_caption = Official logo
| image =
| image_caption A =
| trading_name =
| native_name = Филип Морис Операције
| native_name_lang = sr
| romanized_name =
| former_name =
| former type =
| type = Joint-stock company
| traded_as =
| industry = Tobacco
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|2003|06|11|df=yes}} {{small|(Current form)}}
Founded in 1930
| founder =
| defunct =
| location_city = Niš
| location_country = Serbia
| locations =
| area_served = Serbia
| key_people = Aleksandar Jakovljević {{small|(General director)}}
| products =
| brands =
| production =
| services =
| revenue = {{decrease}} €175.70 million {{small|(2017)}}{{cite web|title=БИЛАНС УСПЕХА (2017) - Philip Morris Operations|url=http://pretraga3.apr.gov.rs/docRepo/download?xbcd=7100056293074&xrnd=1B08367B546AB1A697A51E5D20021EA42CA1D57A|website=apr.gov.rs|accessdate=18 October 2018|language=Serbian}}
| operating_income =
| net_income = {{increase}} €32.41 million {{small|(2017)}}
| aum =
| assets = {{decrease}} €183.16 million {{small|(2017)}}{{cite web|title=БИЛАНС СТАЊА (2017) - Philip Morris Operations|url=http://pretraga3.apr.gov.rs/docRepo/download?xbcd=7100056293067&xrnd=FD101D4AC726883D63605F465AE825EF40FF5D4B|website=apr.gov.rs|accessdate=18 October 2018|language=Serbian}}
| equity = {{increase}} €128.20 million {{small|(2017)}}
| owner = Philip Morris International {{small|(99.69%)}}
Others
| num_employees = 604 {{small|(2017)}}
| parent =
| divisions =
| subsid =
| homepage = {{URL|http://www.din.co.rs/}}
| footnotes =
| intl =
| bodystyle =
}}
Philip Morris Operations or Niš Tobacco Factory is a Serbian tobacco manufacturer based in Niš.
History
The Niš Tobacco Factory was established in 1930 as a part of the state tobacco monopoly at its present location in Crveni Krst neighborhood of Niš.{{cite news |last1=Veličković |first1=Ivan |title=Pogrešna privatizacija |url=http://www.koreni.rs/pogresna-privatizacija/ |accessdate=20 December 2018 |work=koreni.rs |date=29 July 2013 |language=Serbian}} It was one of the largest cigarette manufacturers in Yugoslavia. It offered a variety of services, including the production of processed tobacco, tobacco cut filler, filters and other.
During the 1990s, Niš Tobacco Factory had 3,500 employees and had tens of thousands cooperators in former Yugoslavia.{{cite news |last1=Ristović |first1=M. |title=Radnici Duvanske industrije Niš: Preispitati privatizaciju |url=http://www.novosti.rs/vesti/srbija.73.html:398997-Radnici-Duvanske-industrije-Nis-Preispitati-privatizaciju |accessdate=18 October 2018 |work=novosti.rs |date=28 September 2012 |language=Serbian}} In 1999, during the NATO bombing of Yugoslavia, the company's facilities were bombed, allegedly by request of Philip Morris International.{{cite news |last1=Smiljanić |first1=Spasoje |title=Podmukli udari s neba |url=http://www.novosti.rs/dodatni_sadrzaj/clanci.119.html:279550-Podmukli-udari-s-neba |accessdate=20 December 2018 |work=novosti.rs |date=9 March 2009 |language=Serbian}}
Niš Tobacco Factory was sold to Philip Morris in August 2003 for €518 million.{{cite news |title="Filip Moris" kupuje DIN, BAT kupuje DIV |url=https://www.b92.net/info/vesti/index.php?yyyy=2003&mm=08&dd=05&nav_category=9&nav_id=115924 |accessdate=18 October 2018 |work=b92.net |date=5 August 2003 |language=Serbian}} It later changed name to Philip Morris Operations. In 2012, the workers union protested, alleging that Philip Morris has failed to transfer €387 million to the Government of Serbia and also significantly reduced production.
Market and financial data
As of 19 December 2018, Philip Morris Operations has a market capitalization of 97.20 million euros.{{cite web |title=Market capitalization – DINNPB - Philip Morris Operations a.d. , Niš - 19.12.2018. |url=https://www.belex.rs/eng/trgovanje/hartija/dnevni/DINNPB |website=belex.rs |accessdate=20 December 2018}}
See also
References
{{reflist}}
External links
- {{official website|http://www.din.co.rs/}}
- [http://www.din.co.rs/ Philip Morris Operations] {{in lang|sr}}
Category:1930 establishments in Serbia
Category:2003 mergers and acquisitions
Category:Companies based in Niš
Category:Manufacturing companies established in 1930
Category:Philip Morris International
Category:Tobacco companies of Serbia
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