Alliance One International expands relationship with Philip Morris International Argentine affiliate
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
MORRISVILLE, N.C., Dec. 9, 2019 /PRNewswire/ -- Alliance One International, LLC (AOI), a Pyxus International company (NYSE: PYX), today announced that its Argentine subsidiary, Alliance One Tobacco Argentina (AOTA), will relocate its processing operations from its El Carril facility in the Salta province and begin processing at Philip Morris International's Argentine affiliate, effective for the 2020 crop. In addition, AOTA will reinforce its commercial relationship with Philip Morris through the supply of flue-cured Virginia and burley tobacco. "AOI's expanded relationship with Philip Morris International and its local Argentine affiliate reflects the company's ongoing commitment to improve market share within the tobacco industry and is an example of how Pyxus is continuing to execute against its One Tomorrow transformation strategy," said Pieter Sikkel, Pyxus International President, CEO and Chairman. "Across our business, we continually evaluate our operations and the global trad
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