Tuesday, 26 June 2007

Altria to close plant, move production to Europe

(Reuters) - By Brad Dorfman



CHICAGO, June 26 - Altria Group Inc. on Tuesday said it plans to shut its Cabarrus, N.C., cigarette manufacturing facility by the end of 2010 and move production of cigarettes for non-U.S. markets to Europe as it looks to cut costs and reduce excess capacity.


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