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Lotte diversifies business portfolio to enhance customer experience

Lotte Group will invest 37 trillion won ($29 billion) over the next five years in health and wellness, mobility, sustainability and new life platform businesses while enhancing its competitiveness in retail, logistics and food sectors to lead innovation and provide differentiated customer experience, the conglomerate said Wednesday. ....

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Lotte Biologics to begin ADC production in 2025

BARCELONA, Spain Lotte Biologics will begin antibody-drug conjugate manufacturing at its site near Syracuse, New York, starting in the first quarter of 2025, according to CEO Lee Won-jik, who also goes by Richard Lee. The company expects its ADC production to account for some 10 percent of its total sales in 10 years, Lee added. “Lotte Biologics is building an ADC facility within its Syracuse facilities. The. ....

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Lotte Biologics doubles down on global contract drugmaker ambitions

Lotte Biologics is gearing up for the construction of three drug manufacturing plants with its recent land purchase in Songdo, Incheon, taking its first step on its decadelong journey to become a global contract development and manufacturing organization. Lotte Biologics said the company signed a land purchase agreement with the Incheon Free Economic Zone Authority on Wednesday afternoon. Under the agreement, Lotte B. ....

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