(NewsNation) — Phillip Morris International announced Tuesday a $600 million investment toward opening a manufacturing facility to produce Zyn nicotine pouches.
The international tobacco company’s U.S. affiliate plans to break ground on the new facility later this year and begin preliminary operations by the end of 2025. According to the news release, the project’s construction will create nearly 5,000 jobs.
Phillip Morris bought Zyn-parent Swedish Match in 2022 as part of an effort to provide traditional cigarettes amid stricter regulation about their health effects.
The company’s U.S. CEO, Stacey Kennedy, said that the company is eager to open the facility in Colorado as part of expanding its manufacturing presence in the U.S.
“PMI and its U.S. affiliates are accelerating their mission to move adults who smoke away from cigarettes in the U.S. by investing in new U.S. manufacturing capacity to meet the increasing demand for nicotine options that are scientifically substantiated as better alternatives,” Kennedy said in a statement.
