CJ CheilJedang Plans to More Than Double Sales by 2015

CJ CheilJedang Corp. (097950), South Korea’s biggest food maker, aims to more than double annual revenue by expanding in ingredients for food and animal feed, and developing new products.

Sales may climb to 15 trillion won ($14 billion) by 2015 from 6 trillion won last year, the Seoul-based company said in an e-mailed statement today.

To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net.

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

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