Rs 450 crore investment planned by Lottee Confectionary
South Korea-based food processing firm Lottee Confectionary will invest Rs 450 crore in its Indian unit Havmor Ice Cream in the next five years. A major portion of the investment would go into setting up a new greenfield plant at MIDC Talegaon in Pune.
Further, the plan is to expand the capacity of the existing Faridabad-based unit, supply chain, and spend on a go-to-market strategy. Talegaon plant would be operational by the fourth quarter of 2024, in which Lottee range of premium ice cream would be manufactured.
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