(Reuters) - CHICAGO, June 26 - Altria Group Inc. on
Tuesday said it plans to shut its Cabarrus, N.C., cigarette
manufacturing facility by the end of 2010 and move production
of cigarettes for non-U.S. markets to Europe as it looks to cut
costs and reduce excess capacity.
The move also further separates operations between the
company's Philip Morris USA and Philip Morris International
tobacco businesses at a time when Altria has said it is
considering a spinoff its international business.
Read more at Reuters.com Bonds News
Tuesday said it plans to shut its Cabarrus, N.C., cigarette
manufacturing facility by the end of 2010 and move production
of cigarettes for non-U.S. markets to Europe as it looks to cut
costs and reduce excess capacity.
The move also further separates operations between the
company's Philip Morris USA and Philip Morris International
tobacco businesses at a time when Altria has said it is
considering a spinoff its international business.
Read more at Reuters.com Bonds News
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