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THE INVESTOR

Retail & Consumer

Lotte-Hershey’s chocolate plant in China shut down

  • PUBLISHED :March 09, 2017 - 10:27
  • UPDATED :March 09, 2017 - 13:46
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[THE INVESTORLotte Confectionery’s chocolate factory in Shanghai was shut down for one month on March 8, according to industry sources on March 9. 



The plant operated by Lotte Shanghai Food Corp., a joint venture between Lotte and Hershey’s of US, was subject to fire inspections recently. 

This is the first time a manufacturing facility has faced China’s economic retaliation against the Korean retail giant that has offered land for the deployment of the US-made missile defense system THAAD. 

A total of 55 out of 99 hypermarkets of the South Korean retailer in China have been targeted as well, citing violations of fire safety regulations. 

By Hwang You-mee (glamazon@heraldcorp.com)
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