February 23, 2012
Amway Parent Alticor Reports USD$10.9 Billion for 2011
Alticor, Inc., the parent company of Amway, announced global sales for 2011 exceeded USD$10.9 billion, a 17 percent growth over 2010 annual sales of USD$9.2 billion.
Nine of Amway’s top 10 markets—China, India, Korea, Malaysia, Russia, Thailand, Taiwan, Ukraine and the United States—reported strong sales increases. Japan was the only top market to not see an increase, recording flat sales in the period following the March 11, 2011 earthquake and tsunami. Markets posting double-digit increases included China, India, Korea, Taiwan, Turkey and Vietnam, as well as the Latin American region.
For 2011, nutrition category sales were USD$4.7 billion; beauty and personal care products generated nearly USD$2.8 billion; and home product sales were USD$2.2 billion. Sales of products not in the nutrition, beauty or home categories were USD$600 million.
“For more than 50 years, Amway has focused on helping people live better lives. We provide people an opportunity to have a business of their own, fueled by strong brands and innovative products,” said Steve Van Andel, Chairman of Amway. “Our success is due to the millions of distributors all over the world who pursue their goals through an Amway business.”
This is the sixth consecutive year of growth for the company, which has posted sales increases 11 out of the past 12 years.
To see the full press release, go to http://news.amway.com.