PMFTC
| Company type | Subsidiary |
|---|---|
| Founded | February 25, 2010 |
| Headquarters | Taguig (head office) Tanauan, Batangas (main plant) Marikina (second plant, formerly FTC main plant) |
Key people | Lucio C. Tan, Sr. (Chairman) Gijs Lambert Johan de Best (President) |
| Products | Cigarettes |
| Brands |
|
Number of employees | 4,700 |
| Parent | Philip Morris International LT Group |
PMFTC, Inc. is the Philippine affiliate of Philip Morris International (PMI). Owned 50-50 by PMI and local conglomerate LT Group, PMFTC is the leading cigarette manufacturer in the Philippines, controlling over 90% of the local market, commercialising the brands Fortune International, Hope Luxury, Marlboro, and More, among others.
The company is a joint-venture between the Philippine unit of PMI and local firm Fortune Tobacco Corporation (FTC), which joined forces in 2010 to form a new company that, after the agreement, would control the 90% of the market.