Amore sitting pretty in makeup market

South Korean cosmetics group Amore Pacific aims to become Asia's top cosmetics producer with global sales reaching 70 billion yuan ($11.4 billion) by 2020.

As its largest market, China has become a key target for Amore Pacific to achieve its goal, with the nation forecast to contribute 28 percent of the company's global sales by 2020.

Amore Pacific announced on Tuesday the opening of a new center in Shanghai that combines the functions of research and development, manufacturing and logistics.