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Current Position:Home » News » Food Technology » Process & Production » Topic

SPX awarded contract from Lotte Co., Ltd. to expand dairy processing plant in Japan

Zoom in font  Zoom out font Published: 2013-10-23  Views: 30
Core Tip: SPX has secured a $26m contract from multinational conglomerate Lotte to provide dairy processing systems for expansion of the latter's manufacturing facility in Japan.
ice cream

SPX Corporation (NYSE: SPW) today announced that it was awarded a contract in late Q3 worth approximately $26 million from Lotte Co., Ltd., a Japan-based multinational conglomerate,  to provide dairy processing systems for expansion of the latter's manufacturing facility in Japan.


"SPX has enjoyed a strong working relationship with Lotte over more than 30 years, and this ice cream production facility expansion project promises to build on that legacy," said Marc Michael, president of SPX Flow Food & Beverage. "By working closely with Lotte to expand the production capacity of their main ice cream processing facility, we are confident we can help them benefit from greater production capacity and economies of scale. As a result, we anticipate this new facility will better position Lotte to meet future demand for its ice cream products across Japan."

Founded in 1948 and based in Tokyo, Lotte is a multinational food and shopping corporation active in Japan and South Korea. The company began producing ice cream and other confectionery products in 1948 and formally founded Lotte Ice Cream Co., Ltd. in 1972.

Work on the Lotte ice cream plant expansion is anticipated to begin in early 2014, and the increased capacity is expected to be fully operational sometime in 2015.
 
 
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