sources: Amway China
– The investment this time round would help to promote high quality development in Amway’s manufacturing and supply chain, promote the integration of the enterprise domestically and [internationally], as well as contribute to the modernization of China’s industry – said Milind Pant, Amway chief executive officer.
Amway China also announced plans to build its own organic farms to support and study the use of agricultural technique innovations, cultivate new botanical species and include traditional Chinese medicine as part of its new product development and research process.
These investments are part of a larger strategy by Amway China to prepare for its personalized nutrition business, which began with Amway’s strategic partnership with South Korea-based Holzapfel Effective Microbes (HEM). In 2022, Amway Korea launched a precision probiotics service.