Lotte Food Launches Full-Scale Operation of Ready Meal Line at Gimcheon Factory Expansion
[Asia Economy Reporter Seungjin Lee] Lotte Food is expanding its ready-meal business by operating a newly expanded production line.
On the 20th, Lotte Food announced that it began full-scale operation of the expanded ready-meal line at its Gimcheon factory starting in May.
The existing Lotte Food Gimcheon factory was a two-story building producing processed meat products. To expand the production of home meal replacements (HMR), Lotte Food invested a total of 93 billion KRW to newly add a three-story production building. The expansion construction started in March 2019 and was completed in April this year, after two years.
The production lines operating from May in the expanded production building at the Gimcheon factory include dumpling, frying, and sausage lines. Dumplings and fried products, which were previously outsourced, have been shifted to in-house production, and an additional sausage line was installed on the third floor to expand production capacity from the first floor. This is expected to enable production with enhanced quality control and stable volume.
With the operation of the expanded lines, the total production capacity (CAPA) of the Gimcheon factory is expected to increase by about 30%. Additionally, in July, an additional HMR line will be introduced to produce ready-meal products with even higher quality. Through this, Lotte Food aims to increase its HMR sales from 203.1 billion KRW last year to 241 billion KRW this year, targeting a 19% growth.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- Despite Warnings of "Do Not Enter, You May Not Make It Out Alive"... Foreign Tourist Stranded After Unauthorized Climb on Jeju Sanbangsan
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
A Lotte Food official said, “We plan to redefine our HMR brand within the first half of the year, and from the second half, we will launch new products incorporating differentiated technologies from our company and the central research institute,” adding, “We ask for much interest in the new look of Lotte Food’s HMR.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
