Alticor had record 2012 sales of $11.3B

ADA, Mich. (WOOD) - Amway parent company, Alticor Inc., on Thursday reported record global sales of  $11.3 billion for 2012, compared with 2011 sales of $10.9 billion.

This is the seventh consecutive year of growth for the company, with sales increases 12 out of the past 13 years, according to a news release.

For the first time in more than 20 years, sales increased in each of the top 10 markets for Amway, including China, India, Japan, Korea, Malaysia, Russia, Taiwan, Thailand, Ukraine and the United States. Markets posting double-digit increases in 2012 include Colombia, Hong Kong, Italy, Mexico, Russia, Turkey and Venezuela.

"We're excited to announce another record year of sales performance at Amway," said Steve Van Andel, Amway chairman. "We've nearly doubled in size since we launched the company's Growth Through Innovation business strategy six years ago. Our business is now much more aligned globally, with strong, seasoned leadership in each of our four regions. We see even more potential for growth in 2013. We continue to invest in our supply chain, manufacturing, and scientific resources to be more responsive to market demands, which helps our distributors better serve their customers with products when and where they need them."

"Millions of people around the world are looking for something more. They want a business opportunity that provides them with personal reward and potential for growth," said president Doug DeVos. "For more than 50 years, Amway has provided people with an opportunity to have a business of their own, backed by strong brands, innovative products and localized sales and business skills training programs. We're proud of their success. We will continue to find new and better ways to support millions of the world's entrepreneurs as they achieve their goals."

Amway plans more than $335 million in manufacturing and R&D expansion, including four facilities in the U.S., a new manufacturing facility in India and second sites in both China and Vietnam.