Pandora’s $150M Vietnam Facility: 100% Renewable Energy Powered Groundbreaking!

By Oliver Townsend Jun 5, 2024
Pandora Breaks Ground On $150M Facility In Vietnam, Powered By 100% Renewable Energy.jpegOrginal image from:

Pandora, the renowned jewelry brand, has recently broken ground on a new crafting facility in Vietnam, with an investment of $150 million. This facility, located in Binh Duong Province, will significantly boost Pandora’s crafting capacity by around 50%, producing up to 60 million pieces of jewelry annually. The company’s CEO, Alexander Lacik, expressed excitement about this milestone and emphasized the importance of the facility in meeting future demand and sustaining growth. The new facility, set to be operational in early 2026, will operate on 100% renewable energy and adhere to LEED Gold standards, aligning with Pandora’s sustainability goals.

Pandora’s Commitment to Sustainability

The new crafting facility in Vietnam will be Pandora’s fourth manufacturing site and its first outside Thailand. Spanning 7.5 hectares, the facility will prioritize sustainability by operating on renewable energy and implementing state-of-the-art manufacturing technology. This commitment reflects Pandora’s goal of halving carbon emissions across its supply chain by 2030 and achieving net-zero emissions by 2040.

The Groundbreaking Ceremony

The groundbreaking ceremony for Pandora’s new facility in Vietnam was attended by prominent representatives from the Danish and Vietnamese governments, underscoring the importance of this partnership. Minister Jacob Jensen highlighted Vietnam’s significance for Danish investors and commended Pandora’s efforts in sustainable production practices. The facility is expected to employ up to 7,000 craftspeople, providing a significant economic impact on the local community.

Empowering Local Workforce and Economy

Pandora’s commitment to sustainability extends to its production practices, with a focus on using recycled silver and gold in its jewelry. This initiative aims to reduce CO2 emissions and promote environmentally friendly manufacturing processes. By providing training and employment opportunities at its production academy, Pandora is investing in the local workforce and contributing to sustainable economic growth in Vietnam.

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