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Papastratos, an affiliate of Philip Morris international (PMI), has been a leader in the production and commercialization of cigarettes and smoke-free tobacco products in Greece for nine decades. In 2017 turned the page in its long history and took on a leading role in the radical transformation of the tobacco industry and the implementation of PMI's vision for a smoke-free world for the benefit of adult smokers who would otherwise continue smoking. With a significant investment of € 300 million, Papastratos transformed its factory in Aspropyrgos into an exclusive heated tobacco sticks production unit for the new, innovative potentially reduced risk product, IQOS, the first PMI heat-not burn-product. In April 2019, the US Food and Drug Administration (FDA) authorized the marketing of IQOS in U.S.A as appropriate for the protection of the public health and in July 2020, the FDA approved IQOS a modified risk tobacco product. By June 30, 2020, approximately 11.2 million adult smokers around the world and more than 230.000 in Greece have switched to new technology, available in 57 countries. More information at www.pmi.com.
Papastratos has consistently implemented an extensive Corporate Social Responsibility program to relieve vulnerable social groups. It has been repeatedly awarded as Best Workplace and Top Employer for its dynamic work environment, and is the first Greek company to receive the Equal Salary certification. Papastratos has been named as the "No 1 Most Admired Company in Greece" and the "No 1 Most Admired Industry" by Fortune Magazine, and is the first certified "Smoke-Free" company in Greece by TÜV Austria Hellas. More information at www.papastratosmazi.gr.
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