The State Council announced Friday the working plan for merger and reorganization of formal milk powder enterprises in China. It aimed at a formation of 10 enterprise groups with annual sales revenue totaling 2 billion yuan ($320 million) by the end of 2015, with concentration ratio of top 10 domestic brands reaching 65 percent.

By the end of 2018, three to five enterprise groups will be formed, with annual sales revenue exceeding 5 billion yuan and a concentration ratio of more than 80 percent.