PMI has close to 240 subsidiaries in approximately 80 countries around the world, most of which are located in the United States, Switzerland, the United Kingdom, Sweden and the Netherlands. In Switzerland alone, it has 22 subsidiaries. In Mexico, PMI is the majority owner of Philip Morris México Productos y Servicios, Sociedad de Responsabilidad Limitada de Capital Variable. Philip Morris México, Sociedad Anónima de Capital Variable and, Tabacos Desvenados, Sociedad Anónima de Capital Variable.
In 2022, the company dealt directly with tobacco producers to supply 16% of its total demand. The company’s main tobacco suppliers are located in Argentina, Brazil, China, Italy, Indonesia, Malawi, Mozambique, the Philippines, Turkey, and the United States. 37 Its supplier portfolio includes 360 companies, including carton manufacturers (packaging), acetate companies (filters), fine paper manufacturers (cigarettes) and manufacturers of inductors (susceptors) for tobacco heating devices.
PMI’s shareholding structure is divided into two types of players: the main shareholders are institutions that manage investment funds, which control around 80% of Philip Morris shares. These include the Vanguard Group, BlackRock, Inc. and Capital Group Companies, Inc. through their subsidiaries Capital International Investors and Capital World Investors. Each of these owns more than 5% of PMI’s shares, and together they control about 28% of the shares.