PMFTC pivots cigarette business to smoke-free products

PMFTC pivots cigarette business to smoke-free products

 

PASAY CITY, October 22 2019– Philip Morris International unveiled its new direction to pivot its 170-year-old business to promote a smoke-free Philippine society during an information technology summit held in this city today.

PMFTC President Denis Gorkun made the bold reveal in his presentation during the plenary session of the “SOFTCON.ph 7: The Philippine Software Industry Conference” organized by the Philippine Software Industry Association, a non-profit organization composed of around 150 IT companies. PMFTC Inc. is the Philippine affiliate of PMI.

Gorkun said there is a need for PMI to innovate responsibly but stressed that this is much more difficult in practice as he referenced removing combustion.

Recognizing the fact that anything put on fire produces harmful chemicals, PMI is taking on the challenge to develop and commercialize products that are better alternatives to continued smoking.

“As a company we have developed – and continue to develop – a suite of smoke-free platforms that eliminate combustion but deliver the experience that people who would otherwise continue to smoke desire,” Gorkun said.

Gorkun said the new PMI vision is anchored on an advocacy they call “Unsmoke” which focuses on three simple messages: “If you don’t smoke, don’t start. If you smoke, quit. If you don’t quit, change.”

In his remarks, Gorkun said “despite the implementation of stricter measures (on smoking), the cold hard reality is that there are still 16 million smokers in the Philippines with a cold turkey quit rate of just 4%. The World Health Organization estimates that there will still be more than one billion smokers worldwide in 2030, about the same level of smokers we have today.”

To address legitimate public health concerns related to smoking, Gorkun said PMI had invested six billion dollars in research and development and tapped over 400 scientific experts. They produced hundreds of studies that have been peer-reviewed or in the process of being peer reviewed.

IQOS DUO 3

One such smoke-free product in PMI’s portfolio, Gorkun said is IQOS, a tobacco heating system that does not burn tobacco and instead heats it to produce an aerosol vapor containing nicotine.

He explained that nicotine, although not entirely risk-free and is addicting, is not the primary cause of smoking-related diseases. He said it is the smoke that releases thousands of harmful chemicals that gets people sick.

“This type of pivot doesn’t happen overnight. It requires new people, new technology and new systems. But most importantly it requires a new mindset — to an enterprise that is leaner, faster and committed to staying ahead, and staffed with professionals who can operate in a consumer-centric, omni-channel environment,” PMFTC president said.