FrieslandCampina sets lofty growth target

Dutch farming cooperative Royal FrieslandCampina NV, one of the five largest dairy companies in the world, is planning to increase its revenue from China to 2 billion euros ($2.2 billion) by 2020, according to a top company official.

The contribution from China would account for about 10 to 15 percent of the company's expected global revenue of 15 billion euros by then, said Roelof Joosten, chief executive officer of Royal FrieslandCampina.

China is currently FrieslandCampina's fastest-growing global market with expected sales of about 1 billion euros this year, roughly 10 percent of its total global revenue.