“We expect the ongoing expansion of the existing facility in Kentucky to provide around 900 million cans of capacity for 2025.”

In context

“th close to plus 70% growth in 12-months rolling shipments. As we shared earlier in the year, strong demand dynamics have created short-term supply chain constraints, which has impacted volume growth. As shown on this slide, this has resulted in a temporary slowdown of the category. ZYN's premium positioning and superior brand equity remained strong, with ZYN maintaining very robust category volume and value share, despite these availability challenges and the recent price increase. We also remain highly-focused on marketing ZYN responsibly to prevent unintended use. We are making good progress on expanding production and continue to expect a gradual improvement through Q3, with sequentially higher volume and for production volumes to meet expected consumer demand during the course of Q4. We expect the ongoing expansion of the existing facility in Kentucky to provide around 900 million cans of capacity for 2025. We also recently announced a planned investment in a new plant in Colorado, which is due to begin preliminary operation by the end of next year. Together, these plans support our U.S. growth ambitions for the coming years. For 2024, we are now forecasting a U.S. shipment range of 560 million to 580 million cans, to reflect strongly increasing demand from adult nicotine user and the progress made on increasing our production capacity. I will now take a moment to update you on the international expansion of our smoke-free business. Our multicategory approach is gaining momentum, as we unlock new horizon of growth with increasing commercialization of IQOS, ZYN and VEEV across markets. Our focused strategy for VEEV is showing very good early results. In Europe, closed pods are accelerating wi”