Amway’s China earthquake relief donations total $2.9 million, and counting
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- Published on Friday, 23 May 2008 00:00
- Written by bernsber
ADA, Mich. - May 22, 2008 - The combined efforts of Amway, its distributors and employees worldwide, totals RMB20.5 million ($2.9 million), and counting, for victims of the devastating earthquake that took place in the Sichuan Province of China. "Our hearts go out to those affected by this tragedy," said Amway President Doug DeVos, "Our employees and business owners live in countries around the globe, and events like these reinforce the sense that we all share a common humanity."
Amway's made an initial commitment of RMB 2 million (approximately $286,000) to the Sichuan Red Cross through its Amway China affiliate less than 60 hours after the earthquake took place. Half of the donation was for the Red Cross and the other half was for reconstruction of a primary school that collapsed in Chengdu City, killing 50 students. As the magnitude of the disaster became clearer, Amway made another donation of RMB 10 million (approximately $1.43 million) to the China Ministry of Civil Affairs. These donations are in addition to the thousands of Amway China staff and distributors nationwide who gathered Amway volunteers to donate money, blood and relief supplies to the quake-hit regions.
Read more: Amway’s China earthquake relief donations total $2.9 million, and counting
Amway named as a finalist for US Secretary of State's "Award for Corporate Excellence"
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- Published on Sunday, 23 October 2011 18:04
- Written by Amway Watch
Amway China has been named as one of thirteen finalists selected for the US Secretary of State’s prestigious 2011 Award for Corporate Excellence (ACE). These U.S. companies were chosen from 62 nominations submitted by American Ambassadors around the world. ACE finalists are international business leaders who recognize the vital role that U.S. businesses play abroad as good corporate citizens.
Amway was chosen for the company’s contribution to the overall growth and development of the local economy in China by building up the business acumen and human capital of independent distributors; fostering entrepreneurship; recruiting locally, investing in building its workforce abilities, promoting its management staff from within; and fostering an environment of volunteerism.
Read more: Amway named as a finalist for US Secretary of State's "Award for Corporate Excellence"
Amway to invest $15m for business expansion in China
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- Published on Thursday, 25 December 2008 16:52
- Written by Amway Watch
American direct selling giant Amway Corporation plans to expand its business in China next year, company head Douglas L. Devos said in Guangzhou on Monday.
It will invest $15 million in the southern Guangdong Province, Amway's China headquarters, for the development of household products such as air and water purifiers, and kitchen appliances among others.
It's the eighth time Amway expanded production lines in Guangdong since opening a facility in the country back in 1992. Amway's total investment in China is $220 million.
Read more: Amway to invest $15m for business expansion in China
Saatchi & Saatchi win Amway China advertising account
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- Published on Friday, 17 April 2009 17:04
- Written by Amway Watch
Amway China has appointed Saatchi & Saatchi, won of the world's largest advertising agencies, to handle its Nutrilite health food range, including its flagship supplement brand, Double X. Saatchi & Saatchi won through in a four way pitch against other leading 4A’s agencies. The incumbent was Ogilvy & Mather China.
Amway entered China in 1992, headquartered in Guangzhou and with one of the largest maunfacturing plants built outside of the US. Their combined strategy of strong retail focus, consumer advertising and well-established sales representative system took total sales to more than 8.2 billion US dollars by end of 2008, with double digit growth.
Amway's corporate vision is to help people live better lives, along with a "Think global, Act local" viewpoint, both values which are shared by Saatchi & Saatchi Guangzhou.
source: http://www.saatchi.com/worldwide/newsdetail.asp?nid=280
Amway China launches Environmental Protection Fund
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- Published on Friday, 07 November 2008 15:39
- Written by Amway Watch
BEIJING, October 11, 2008. Direct-selling company Amway Corporation announced on Saturday in Beijing that it had created an environmental protection foundation.
The merchandiser of health and beauty products also released its first global report on corporate social responsibility at the press conference.
As of the end of June 2008, Amway had donated a total of 2,500 million yuan (US$365.79 million) to 4,100 global projects that focus on children and environmental protection, the report said. The company also donated 37 million yuan to help victims of the 8-magnitude earthquake that jolted southwestern China in May.
Read more: Amway China launches Environmental Protection Fund
Amway China announces 28% growth
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- Published on Thursday, 26 February 2009 16:25
- Written by Amway Watch
Amway has reported 28% sales growth in the Chinese market, reaching ¥17 billion in 2008 ($US2.5billion), Amway Greater China president Yan Zhirong told China Business News. "We have set a double digit growth target for 2009 as China's cosmetics market is projected to be worth ¥50 billion and to expand 12% over the years to come," Yan said.
He also disclosed that Amway plans to spend US$15million expanding production lines in Guangdong, with the introduction of new products including the Atmosphere air cleaning system and eSpring water purifer and other products. Amway is currently awaiting government approval of the plans.
Source: http://www.china-cbn.com/s/n/000004/20090226/000000108265.shtml
Amway's Eva Cheng named one of the World's Most Powerful Women
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- Published on Wednesday, 03 September 2008 22:04
- Written by Amway Watch
Eva Cheng, executive vice president responsible for Amway markets in Greater China and Southeast Asia has been named as the World's 88th Most Powerful Women by Forbes Magazine. No. 1 on the list was Angela Merkel, Chancellor of Germany.
According to Forbes, their annual ranking of the most powerful women in the world measures "power" as a composite of public profile - calculated using press mentions - and financial heft. The economic component of the ranking considers job title and past career accomplishments, as well as the amount of money the woman controls. A chief executive "controls" the revenue of her business, for instance, while a head of state gets the country's gross domestic product. The raw numbers are modified to allow comparisons across financial realms.
Read more: Amway's Eva Cheng named one of the World's Most Powerful Women
Nearly 20,000 Chinese Amway members to visit Taiwan for meeting
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- Published on Monday, 09 February 2009 19:02
- Written by Amway Watch
Taipei, Feb. 9 (CNA) More than 17,000 Chinese members of the global direct sales company Amway will arrive in Taichung in March and April for a major conference - providing the central Taiwanese city a chance to earn tourist revenue, officials said Monday.
Anna Wang, director of the city government's Industrial Development and Investment Promotion Committee, confirmed that more than 17,000 sales representatives and other members of Chinese Amway (China) Co., Limited are slated to visit Taiwan from mid-March in eight groups.
Read more: Nearly 20,000 Chinese Amway members to visit Taiwan for meeting
Amway China and 15 other international companies donate 1.05 mln yuan for Green Olympics
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- Published on Saturday, 28 June 2008 00:00
- Written by Amway Watch
Amway, Motorola, Seimens and 13 other international companies donated 1.05 million yuan (149,990 U.S. dollars) Friday, May 9, 2008 to support tree planting in Beijing, said the Ministry of Commerce (MOC) on its website.
Read more: Amway China and 15 other international companies donate 1.05 mln yuan for Green Olympics
