Pepperl+Fuchs Starts Sustainable Factory in Vietnam
Pepperl+Fuchs has opened a new eco-friendly manufacturing plant in Vietnam, supported by a USD 15 million green loan provided by Deutsche Bank.
Deutsche Bank's green loan and advisory services enabled Pepperl+Fuchs, a German industrial sensor manufacturer, to fulfill green building standards, extend its sustainability commitments to Asia, and boost its production capacity for factory automation technology. The Vietnam-based plant produces sensors, signal transmission devices, and printed circuit board assembly.
The new plant has achieved LEED Gold certification, which is a globally recognised programme by the US Green Building Council for sustainable real estate. This certification evaluates carbon, energy, water, waste, transportation, materials, health, and indoor environment quality to award levels of certification. Gold certification is the second-highest level.
Pepperl+Fuchs Executive Vice President Global Finance, Andreas Bouche, said: “We are proud to begin our ESG financing journey in Asia Pacific. Four of the eight countries globally where we operate manufacturing facilities are in this region, and the opportunity to help set a strong standard for responsible manufacturing in these developing economies is great.
"Deutsche Bank has been a reliable partner in this journey; we are glad to have benefited from their valuable advice and practical ESG expertise in Asia Pacific."
Pepperl+Fuchs Regional Director Finance Asia Pacific, Carmen Tai, said: “We are happy to embark on Pepperl+Fuchs’ sustainability journey with Deutsche Bank in Asia Pacific through this new Vietnam manufacturing facility. As one of the key manufacturing sites in the Group’s global footprint, this new Vietnam factory shows our commitment to sustainable growth, and we look forward to continuing this journey in the Asia Pacific region."
Deutsche Bank Head of German, Austrian, and Swiss MNCs in APAC, Bernd Starke, said: “We are delighted to have supported Pepperl+Fuchs with the financing to support the construction of this LEED Gold certified factory. By opting to strive for the highest standards in environmentally friendly, socially responsible manufacturing, Pepperl+Fuchs have made clear that they take sustainability in their worldwide operations seriously.”
Deutsche Bank Head of ESG for Asia Pacific Kamran Khan said: "This transaction exemplifies Deutsche Bank’s Global Hausbank strategy – we are committed to helping our clients in all regions and on all products, including support to companies like Pepperl+Fuchs in meeting their global sustainability standards in APAC."
Deutsche Bank Chief Country Officer for Vietnam, Hyunh Buu Quang, said: “Vietnam is playing an increasingly prevalent role in global manufacturing supply chains. Together with our clients, we are proud to help bring sustainable manufacturing benchmarks that are in line with international standards to Vietnam.”
Source: Deutsche Bank