Philip Morris looking to phase out cigarettesLONDON -- Tobacco giant Philip Morris is aiming to stop selling conventional cigarettes and replace them with a less harmful product, its chief executive said Wednesday. As the firm launched its smokeless iQOS cigarette in Britain, Andre Calantzopoulos told BBC radio that the company would try to move smokers over to the new product. It is already available in Japan and Italy, and in Switzerland where Philip Morris International (PMI) is based. Marlboro maker Philip Morris is the world's second-biggest cigarette producer by market share, after the state-owned China National Tobacco Corporation. Worldwide, smoking claims around six million lives annually, mostly in low-income countries, the World Health Organization says.

Source: The China Post December 01, 2016 18:25 UTC