South Korean food giant Lotte Confectionary is set to invest Rs 550 crore over five years to boost production at Havmor Ice Cream, a company it acquired for Rs 1,020 crore. This investment includes a state-of-the-art manufacturing plant in Pune, Maharashtra, expected to be operational by June 2024. Havmor, with facilities in Ahmedabad and Faridabad, is expanding to meet growing demand. The investment will enhance production lines at existing units, including the Faridabad facility and the upcoming Pune plant. Additionally, Havmor aims to strengthen its distribution network, expanding beyond Gujarat and Rajasthan to reach high-growth areas like Maharashtra and South India, serving approximately 70,000 selling points nationwide.
Lotte Confectionary’s Major Investment and Expansion Plan in India’s Ice Cream Market
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