date:Nov 04, 2013
ahead of schedule in achieving our route2020 strategy, thanks to the favourable developments in Asia and the sales of ingredients for the food industry, said Cees t Hart, CEO of Royal FrieslandCampina. We are investing heavily in this area. However, margins on several branded products are under pressure in a number of European countries due to lagging consumer spending. Improving efficiency and stepping up the pace of innovation for branded products are therefore key to our approach in Europe.