Cigarette Maker Philip Morris Invests EUR1M To Upgrade Factory Near Bucharest

The company plans to install a new energy efficient cooling plant that will lower the facility’s energy consumption by 5%.

The EUR1 million investment is part of a wider program meant to reduce environmental impact, using fewer natural resources, reducing greenhouse gas emissions, and producing less waste, is expected to generate a 5% reduction of the factory energy consumption.

“We continue investing in modernizing our factory and making it more energy efficient. Our factory’s ability to quickly respond to market needs and provide adult consumers with high quality products was one of the key drivers of a record production volume in 2011. More than 80% of this volume was exported,” Sergey Slipchenko, managing director for Philip Morris Romania and Bulgaria, said in a press release.