RICHMOND, Va.--(BUSINESS WIRE)--April 5, 2005--Philip Morris USA (NYSE: MO) will soon begin construction of a $300 million research and technology center in downtown Richmond. Once complete in 2007, Philip Morris USA's research facility will nearly double the company's research space and be home to more than 500 scientists, engineers and support staff.
"Innovation has helped Philip Morris USA become and remain the leading cigarette manufacturer," said John R. Nelson, Philip Morris USA's president of Operations and Technology. "This is the next step in that effort, allowing us to develop new technologies that improve the products we currently manufacture and may lead to innovative new products."
