Altria subsidiary USSTC plans to modernize manufacturing through facility relocation
The Nashville plant will close by 2028, with production moving to a new modern facility in Hopkinsville, Kentucky, reducing fixed costs.
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Tobacco and nicotine products company
altria.comLast updated
In short: Altria underwent a leadership transition as Sal Mancuso became CEO, while the company reported strong earnings and expanded its smoke-free portfolio.
The Nashville plant will close by 2028, with production moving to a new modern facility in Hopkinsville, Kentucky, reducing fixed costs.
He steps down after leading the company and is thanked for his contributions.
Sal Mancuso succeeds Billy Gifford as CEO, and a dividend of $1.06 per share is declared.
This $4 million investment supports agricultural research, extension work, and future leaders at University of Kentucky and Virginia Tech.
London Co. of Virginia lowered its position in Altria Group, Inc. (NYSE:MO - Free Report) by 2.9% in the fourth quarter, according to its most...
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