South Korean giant Lotte Confectionery has fully acquired Havmor Ice Cream Ltd in India for Rs1,020 crore (about US$157.9m), entering the ice cream snacks segment as well as expanding its business network across India.
Cadbury’s Indian arm has revealed plans to build the biggest chocolate plant in the Asia-Pacific region. The Indian plant, in Andhra Pradesh, will come at an investment of more than Rs1,000cr (US$163m).
