Pandora builds US$150 million jewelry plant in Binh Duong
Society – Economy - Ngày đăng : 09:45, 17/05/2024
Pandora builds US$150 million jewelry plant in Binh Duong
Construction began at the US$150 million Danish-invested Pandora Production Vietnam jewelry plant at the Vietnam-Singapore Industrial Park III (VSIP III) in the southern province of Binh Duong’s Tan Uyen city on May 16.
The facility, slated to begin operations in 2026, is expected to produce 60 million pieces of jewelry annually. Once operational, the factory will employ over 7,000 silversmiths.
According to a representative from Pandora, the choice of Vietnam for this investment stems from the country’s attractive investment environment. The VSIP III industrial park offers excellent infrastructure and convenient transport, crucial for the export-led group. Pandora's investment there aims to set new global standards in the jewelry industry concerning ecological footprint, recycling, and CO2 emissions.
At the groundbreaking event, Chairman of the provincial People’s Committee Vo Van Minh pledged the most favourable conditions for Pandora Production Vietnam’s efficient operations.
On the same day, Minh met with CEO of Pandora Alexander Lacik, who stated that the plant will incorporate the latest advanced technologies and techniques.
The provincial leader, in response, highlighted Binh Duong’s support for the development of rooftop solar power for factories at local industrial parks.