Havmor ice-cream to invest 450 cr in India to expand capacity

Havmor ice-cream, a subsidiary of South Korea's Lotte Confectionery, will invest 450 crore over a five-year period. The fresh investment is to ramp-up capacity and the company will set up a new manufacturing facility at MIDC Talegaon, Pune..

Komal Anand, Managing Director, Havmor Ice Cream, said, “LOTTE sees India as a strategic market & this investment decision demonstrates the confidence that the group has on the growth opportunity India has to offer. Revolutionizing the Indian palate with lip-smacking options that satisfy consumer demand has been at the center of our initiative. The company launched its global best seller ice cream LOTTE World Cone in 2021 and the acceptance of this product has exceeded expectations.”

Choi, Chief Globalization Officer, LOTTE Confectionery Korea said “India is an important market for LOTTE, and we are very excited to announce our first ever ice cream facility built with Korean expertise in manufacturing, supply chain metrics & processing in India. The new plant will be instrumental in strengthening and growing the brand’s reach in India.”