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Today's paper. Last Updated: 06/04/2012

U.S. Giant in Kharkov

MOSCOW -- U.S. tobacco giant Philip Morris, maker of Marlboro brand cigarettes, has acquired a 51 percent stake in the Kharkov tobacco factory in Ukraine, the company announced Tuesday. According to a company statement, Philip Morris' investment will be used to modernize the plant's production facilities, improve local brands and add American-blend cigarettes to the product line. No information was given on the amount of the investment.




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