Danish jewelry manufacturer Pandora is currently in the process of acquiring land for a new factory in Northern Thailand.
“We were already searching for a factory manager in May,” Pandora’s press officer, Jakob Risom, tells Ritzau Finans.
Since 2003 Pandora has produced all of their jewelry in Thailand. At the moment 7000 people are employed at their factory in Bangkok, that produces 2 million pieces of jewelry weekly.
Last year there were speculations that Pandora might open a factory outside of Thailand, due to fears of natural disasters and political unrest. Back then Pandora’s CEO Thomas Nyborg told Business.dk that it could be risky to put all of your eggs in one basket.
ScandAsia has earlier quoted Ritzau Finans for saying that the land was already acquired, this was a misinformation.