Lotte India acquires land near Chennai for expansion

Lotte India Corporation Ltd has announced the following:

Mr K V Ramachandra has joined as Managing Director of the Company with effect from October 23, 2006.

The Company has acquired land measuring 21.52 acres in the outskirts of Chennai for the purpose of its expansion plans.

The Company has launched new products like Cool Mint, King Mint, Choco Pie etc., and the response for these products is encouraging.

The Company is confident of achieving its growth and profitability targets for the current year through various cost optimization measures, brand building and expansion of distribution network.

Source : Equity Bulls

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