PMFTC, Inc. is a joint-venture company between Philip Morris Philippines Manufacturing, Inc. (PMPMI) and Fortune Tobacco Corporation (FTC) that produces tobacco products. The Company manufactures cigarettes, smokeless tobacco products, and conducts research and development activities on tobacco-related diseases. PMPMI distributes its products internationally. PMFTC, Inc. is the leading cigarette manufacturer in the country. The company controls over 90% of the Philippine cigarette market.