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Amway

American corporation Amway, focusing on direct sales of body care and house care products, is going to open several dozen of its own stores in Russia within three years. The first facilities have already started operating in the regions, in September they will appear in Moscow. Investments in the project will be about 600 million rubles.

06 March 2017
Kommersant

Amway is considering the possibility of establishing production in Russia in the future, General Director of Amway Russia and Kazakhstan Richard Stevens told RIA Novosti. “Depreciation of the Russian currency forced us to increase our prices for certain products by 15%, as we are importing the entire volume. Considering the current situation, we are seriously considering a possibility of localising production in Russia. An affordable product range designed specifically for the Russian market is currently being developed”, said Stevens.

20 December 2016
RIA Novosti
Investor
10.6 mln
Penza, Moscow region

Investor profile

Amway

USA

Company's website: www.amway.com

T: 616-787-7565

Private company

Contact: Mr. Douglas L. DeVos, President and Director General

Amway is an international company engaged in the production and sale of personal care products, household chemicals, cosmetics, dietary supplements and other products. Amway has 12 own factories in North America and 2 in Asia. Total sales of the company in 2015 amounted to 9.5 billion dollars.

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