Philip Morris begins work on new plant

Philip Morris Korea Inc. began work on a new plant in Yangsan, South Gyeongsang Province on Monday.

The 190 billion won ($170 million) plant is scheduled for completion during the first half of 2012, and will replace the company’s current facility located within Yangsan’s Yusan Industrial Complex.

Once complete the new plant will be capable of producing 30 billion cigarettes on an annual basis, more than double that of the current facility.