Lotte expands in Indian ice cream

Lotte Confectionery of South Korea is investing KRW70 billion (€52.5m), to build a new manufacturing facility in India. This will be the South Korean food company’s third factory in the country, and the aim is to further expand its ice cream unit in the Indian market through its local affiliate Havmor Ice Cream.

Lotte Confectionery has announced that it will put in new investment in Havmor Ice Cream over the next five years to further boost and support its rapidly growing confectionery business in India. Lotte Confectionery is planning to construct a new factory that will measure 60,000 square meters. This will be a dedicated plant for the production of ice cream and will be built in Pune, an industrial city located in the western state of Maharashtra. It will be Havmor’s first manufacturing facility in India since the brand was acquired by Lotte Confectionery in 2017.