State Bank of India — Others, 07-02-2025: Copy of Newspaper Publication

Lotte Wellfood has announced the inauguration of a major ice cream manufacturing facility in Pune, with a production capacity of 50 million liters annually, supported by an investment of approximately ₹500 crore. The company plans to invest an additional $300 million over the next 3 to 5 years, further enhancing its operations and supply chain in India. Following a merger with Havmor Ice Cream India, Lotte aims to achieve sales of roughly ₹6,000 crore. This expansion positions Lotte as a growing player in the Indian market, with a positive outlook for future growth, despite potential risks related to market competition.