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The devices are currently produced at a pilot factory in Bologna, Italy, but if it proves successful in its test markets, Phillip Morris plans to build a larger one capable of producing up to 30 billion HeatSticks per year

Unlike conventional cigarettes, e-cigarettes do not contain tobacco and do not produce carbon monoxide

Youre sitting there smoking and talking and the kids would be there and after a while youd forget they were there so youd line up another cigarette and someone would tell another story about Larry Olivier and so on

However, net revenue for new tobacco products declined, mainly due to the shrinking market in Poland and the Czech Republic exiting the e-cigarette business