Money
Lego’s $1B plan to build new factory in U.S.
Lego announces its billion dollar plan to build a second U.S. factory
Much loved toymaker, Lego have just announced they’ll be investing more than $1 billion into a new US factory.
The new facility will be built in Virginia, making it the second factory to open in the US.
The carbon-neutral facility will be powered by renewable energy from an onsite solar park.
By the end of the decade, Lego hopes to replace their current materials with sustainable ones.
Their plan is also to build more factories in key markets, with their latest factory under construction in Vietnam.
“Our factories are located close to our biggest markets which shortens the distance our products have to travel,” says Lego Group’s Chief Operations Officer, Carsten Rasmussen.
Their current 6 factories make a whopping 100 billion bricks each year with a sales growth of 27% in the last year.
Katerina Kostakos contributed to this article.