Danish jewellery company Pandora has signed a memorandum of understanding with Vietnam Singapore Smart Energy Solutions JSC to use electricity from a solar farm for its production facility in Vietnam.
The agreement was signed on 13 March by Pandora Production Vietnam and VSSES. According to VSSES chief executive officer Pham Van Thuy, the partnership supports cleaner manufacturing and opens the way for more efficient green energy solutions.
Pandora’s Vietnam facility is located in Vietnam-Singapore Industrial Park III in former Binh Duong Province. The site represents an investment of more than 150 million USD.
The company said the factory will run entirely on renewable electricity. Once fully operational, it is expected to produce up to 60 million jewellery pieces per year and create up to 7,000 jobs.
Pandora is headquartered in Denmark and employs around 39,000 people worldwide. The company says it uses 100 per cent recycled silver and gold and aims to halve greenhouse gas emissions across its value chain by 2030.
