Lotte Wellfood to invest $300 Mn in India for capacity, supply chain growth

Lotte Wellfood, a South Korean confectionery company, on Thursday announced the inauguration of one of its largest ice cream manufacturing facilities in Pune, with an annual production capacity of 50 million litres.

The parent company of Havmor Ice Cream India, Lotte Wellfood had invested Rs 500 crore in this manufacturing plant and will continue to invest about $300 million in capacity and supply chain expansion in India over the next three to five years, said Paul Yi, chief executive officer (CEO), Lotte Wellfood, in a media roundtable interaction.

Earlier, in August 2024, Lotte Wellfood announced the merger of its Indian subsidiaries, Lotte India and Havmor Ice Cream India, with the aim of achieving Rs 6,000 crore in sales. Yi expects the merger to be completed in March this year.

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