Yonhap News AgencyFebruary 18, 2014 22:46
SEOUL, Feb. 19 (Yonhap) -- South Korea's biggest confectioner Lotte Confectionery Co. said Wednesday that it plans to build its second plant in India by July next year.
Lotte will spend 66 billion won (US$61.8 million) to build the plant in the northern Haryana province, which will produce Choco Pies worth 38 billion won a year. Choco Pies, chocolate-covered, marshmallow-filled snack cakes, are one of the company's flagship products.
In 2010, Lotte built its first Indian plant in Chennai, a city on the country's southeastern coast.