Altria Suspends Cigarette Production, but Has Sufficient Supply Available
Tobacco giant Altria (NYSE: MO) announced late last week that it was suspending production of cigarettes at its Richmond manufacturing facility after a second worker there tested positive for COVID-19, the illness caused by the novel coronavirus.
The suspension will last for two weeks, though the company said it was not worried about having a sufficient supply of cigarettes to meet demand, as it reportedly has about two months worth of inventory based upon current shipment volume.
Image source: Getty Images.
Source Fool.com
