Danish toymaker Lego invests $121m in HungaryAll Articles
The LEGO Group has announced a significant investment in its production capacity in Nyíregyháza, Hungary. Depending on sales development, up to 4000 employees will work at the site by 2020.
The first expansion included installment of moulding machines during 2016 in a nearby rented facility and expanding the LEGO factory with additional automated warehousing and LEGO DUPLO processing facilities.
Today the LEGO Group announces that it will expand the factory with additional moulding, packaging and further warehousing and processing areas as well as administrative and facility buildings. The decision to invest in further manufacturing capacity has been made based on the LEGO Group’s expectations for the long term growth in LEGO sales globally.
Once the expansion is completed, the current factory will have doubled in size. Depending on the development in LEGO sales in the coming years, potentially as many as 1600 new jobs could be created in Nyíregyháza towards 2020, bringing the number of employees up to approximately 4000.
The construction of the new expansion is expected to begin within the coming months, with the new facilities being ready for production by 2018. The new moulding facility will have room for further 768 moulding machines, while the packing facility will increase the output by a factor of approximately 1.5.
The investment is being supported with a grant of $17.75m (HUF 4.4bn) from the Hungarian government. The incentive has been awarded to assist the company's Employment/People efforts.
The Lego Group is a Danish family-owned company based in Billund, Denmark. It is best known for the manufacture of Lego-brand toys, consisting mostly of interlocking plastic bricks. The Lego Group has also built several amusement parks around the world, each known as "Legoland", and operates several retail stores.
All Articles Arrange a Demo of Incentives Monitor