Confectionery giant Lotte Wellfood has announced plans to invest 200 crore INR ($27.37 million) to set up a new line for the production of its chocolate-coated biscuit product Lotte Pepero in the northern Indian state of Haryana. The new facility, benefitting from automated equipment, is designed to meet global export demand, introduce Original and Crunchy Pepero to the Indian market, and establish Lotte Pepero as a premium brand locally. Commenting …
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Lotte subsidiary Lotte Confectionery is to partner with food & drinks multinational PepsiCo to launch Quaker branded oat cereals in South Korea, according to a report in the Korea Times. Initially, the tie-up will see Original, Creamy Milk, Banana & Almond and Classic Oat varieties of Quaker oatmeal introduced through supermarkets, convenience stores and online stores from the beginning of April. The Korea Times reports that the breakfast cereal market …
Lotte, the Far East conglomerate active in confectionery and other categories, is to buy the Indian ice cream firm Havmor for 1,020 crore INR ($158 million), according to an article in the Economic Times. The South Korea based firm said it would buy 100% of the shares in Havmor, enabling it to begin operations in the ice cream space in India. Havmor produces a broad range of over 150 different …
Confectionery giant Lotte has announced the launch of a new milk chocolate product in Japan that is claimed to be especially rich in lactic acid bacteria. According to information, Sweets Days Lactic Acid Bacteria Chocolate contains 100 times as much beneficial bacteria as conventional chocolate, enabling consumers to “take a piece of wellness” with them on the move. Lotte describes how the bacteria are coated and stored within the fat …
Lotte Confectionery Co Ltd has launched a new chocolate-based dietary supplement in South Korea. Named Dream Cacao Flavanol and sold under the brand name Lotte Health One, the product reportedly targets middle-aged and senior consumers. A reinvention of the company’s well known Lotte Dream Cacao product in the form of a dietary supplement, Lotte Health One Dream Cacao Flavanol is said to have been approved by the Korean Food and …
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