- News in Vietnam
- 7 November 2022
LEGO broke ground on more than $1 billion Binh Duong factory
The LEGO Group (Denmark) has officially started the construction of a kids toy factory with an investment of more than 1 billion USD in Binh Duong province. The plant is expected to be put into operation in 2024.
On the morning of November 3, at Vietnam – Singapore Industrial Park III (VSIP III) Tan Uyen town, Binh Duong province, the LEGO Group (Denmark) officially started construction of a kids toy factory with an investment capital of more than 1 billion USD.
The project is built on an area of 44 hectares (equivalent to 62 football fields). This is the largest investment project of Danish investors in Vietnam so far. The project in Binh Duong is the second factory in Asia and the sixth factory of the LEGO Group worldwide.
This project is the most sustainable LEGO factory in the world in terms of design and construction with modern equipment, especially operated with solar energy. In addition to the rooftop solar panels, a solar farm will be built on the neighboring land plots to meet annual energy requirement.
The factory also uses latest energy-efficient production equipment and is built to the minimum standard of LEED Gold (a globally recognized green building certification).
According to LEGO’s plan, the factory will start production in 2024. The workforce is from highly skilled local workers trained to operate high-tech equipment to ensure each brick is made to the accuracy of 1/10 the width of a hair.
The factory is expected to create employment for 4,000 people in the next 15 years.
At the ceremony, Mr. Niels B. Christiansen, CEO of LEGO Group, said that LEGO has chosen Vietnam as an investment destination stemming from strong commitment of the Vietnamese Government in Vietnam’s sustainable development as well as good international integration trade relations. Besides, the required human resources in Vietnam also meet LEGO’s needs.
Explaining the choice of Binh Duong, Mr. Niels B. Christiansen said LEGO had closely scrutinized plenty of locations and decided to choose Binh Duong because of its good infrastructure capable of developing solar power sources serving the factory.
“Today marks a significant milestone for us as we celebrate breaking ground at what will be our sixth factory globally and first carbon-neutral run facility. Not only will it allow us to reach even more children with learning through play and create long-term growth in the Asia-Pacific region, but it will also enable us to quickly adapt and respond to shifts in consumer demand.” asserted Mr. Niels B. Christiansen at the groundbreaking ceremony.