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Friday, November 22, 2024

Lotte invests INR 185 Crore to ramp up Choco Pie production at Chennai factory

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LOTTE India, a prominent chocolate manufacturer and supplier, has significantly boosted its production capacity at its Tamil Nadu factory through a substantial investment of INR 185 crore. Situated on an expansive 85,562 sq ft parcel of land in the vicinity of Nemam, this facility is poised to significantly augment the production of LOTTE’s esteemed Choco Pie range.

“The investment will play a key role in strengthening LOTTE India’s strong leadership in the Indian confectionery market,” a company statement here said. The facility would generate 200 jobs in the region.

“This expansion builds on LOTTE India’s rich history in India and comes at an exciting time for our overall investment and growth in the country.” said company managing director Milan Wahi.

The facility has undergone significant expansion, adding an extra 85,562 sq ft, resulting in a substantial growth from 18 to 32 percent. This transformation solidifies its position as one of India’s largest factories, now encompassing a total area of 516,398 sq ft for LOTTE India, as stated by Wahi.

“Our state-of-the-art factory in Nemam has been accoladed for maintaining the highest safety and hygiene standards since its inception in 2010. With a 99 per cent retention rate at the factory, Lotte India is now set to warmly welcome 200 workmen in its expanded factory,” he said.

With the enhanced production capacity now reaching 1,420 tonnes per month, this substantial increase positions LOTTE India to effectively address the growing demand for its products within the domestic market. Moreover, it opens up potential opportunities for future exports, as mentioned by Wahi.

In addition to its advanced Choco Pie manufacturing plants in Chennai and Rohtak (Haryana), LOTTE India operates its own confectionery production facility in Nellikuppam, near Puducherry. The company also collaborates with seven other manufacturing units located across the country to outsource the production of confectionery products, as outlined in the statement.

SnackTeam
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