For more than 8 decades, Papastratos (an affiliate of Philip Morris International) has a leading position in the tobacco industry in Greece. In 2017, a new page was written in the company’s history, after the strategic decision to invest 300 million euros in converting its plant to Aspropyrgos to produce exclusively heated tobacco sticks for the new, reduced risk product, IQOS. Papastratos plant will be the third facility in the Philip Morris International network that will produce heated tobacco sticks distributed in the local market and exported all over the world.
This investment has created 400 new employment positions, increasing Papastratos headcount to 1.200 people. Traditionally, Papastratos and PMI absorb the largest quantity of Greek oriental tobacco production. During the past years, Papastratos has implemented an extensive Social Responsibility program. Papastratos has been awarded several times as a Best Work Place and Top Employer for its dynamic work environment and was also distinguished by Fortune magazine as the “No 1 Most Admired Company in Greece” and the “No 1 Most Admired Industry in Greece”.