Philip Morris Operations

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. 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. In 1999, during the NATO bombing of Yugoslavia, the company's facilities were bombed, allegedly by request of Philip Morris International.

Niš Tobacco Factory was sold to Philip Morris in August 2003 for 518 million euros. It later changed the name to Philip Morris Operations. In 2012, workers union protested, stating that Philip Morris has never transferred 387 million euros to the Government of Serbia and also greatly reduced production.

Market and financial data
As of 19 December 2018, Philip Morris Operations has a market capitalization of 97.20 million euros.