Pandora opens $150m crafting facility in Vietnam
Pandora has opened a new $150 million state-of-the-art crafting facility in Ho Chi Minh City in Vietnam.
The site will produce up to 60 million pieces of jewellery per year, increasing the company’s manufacturing capacity by 50%. It will also play a role in Pandora’s future production of platinum-plated jewellery as the company diversifies its material strategy.
Subscribe to TRBPandora said it will be the world’s largest crafting facility for fine jewellery. The opening follows decades of successful crafting by the brand in Thailand.
Berta de Pablos-Barbier, chief executive of Pandora, said: “With the opening of our Vietnam facility, we begin an important new chapter for Pandora. We are building on decades of exceptional craftsmanship in Thailand, bringing that expertise together with new talent and capabilities in Vietnam.
“This investment gives us the capacity, flexibility and innovation to support our future growth while continuing to deliver the craftsmanship excellence Pandora is known for to millions of people around the world.”
The new new facility will create 7,000 local jobs when fully operational. It will operate solely on renewable electricity and all silver and gold will be 100% recycled.
Nguyễn Lộc Hà, vice chairman of the People’s Committee of Ho Chi Minh City, said: “The Pandora facility will not only create thousands of employment opportunities and contribute to local economic development, but will also further reinforce the position of Ho Chi Minh City, and Vietnam more broadly, as an important manufacturing hub in global supply chains.
“We particularly appreciate Pandora’s commitment to pursuing long-term growth while upholding strong principles of responsible production and sustainable development.”
