Pandora to break ground for US$150 million factory in Vietnam
VOV.VN - Pandora, the Danish jewelry and manufacturer and retailer, is scheduled to start construction of its first factory worth US$150 million in Vietnam on May 16, according to the Danish Embassy in Hanoi.
Pandora Production Vietnam, Pandora’s third production facility and its first built outside Thailand, will be built at Vietnam – Singapore Industrial Park (VSIP) III in southern Binh Duong province.
Once completed, the project is expected to create more than 7,000 jobs and produce approximately 60 million jewelry products each year.
Jeerasage Puranasamriddhi, Chief Supply Officer and Managing Director at Pandora, said VSIP III possesses good infrastructure that supports the Binh Duong factory’s operation in the future. In addition, Vietnam boasts a rich history of craftsmanship that can provide Pandora with skilled silversmiths and artisans for the facility.
The group has carefully reviewed 27 countries and finally chosen Vietnam because of a number of factors that help to minimize supply risks when factories are concentrated in Thailand.
With the construction of a new factory in Vietnam, jewelry products from Vietnam will account for one third of Pandora’s global productivity.
The Binh Duong factory will be built according to the Leadership in Energy and Environmental Design (LEED) standard, using 100% renewable energy.
Currently, Pandora has two production lines in Thailand that both use 100% renewable energy.
