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Amway

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
Penza region

Investor profile

Amway

USA

Company's website: www.amway.com

T: 616-787-7565

Private company

Contact: Mr. Douglas L. DeVos, President and CEO

Amway is an international company engaged in production and sale of personal care products, household chemicals, beauty products, biologically active dietary supplements and other products. Amway has 12 own factories in North America and 2 in Asia. Total sales accounted for RUB 9.5 bln in 2015.

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