Lego to spend HUF 53 bln on expansion in Hungary
Denmark's Lego will spend HUF 53 billion to expand its manufacturing base in Nyíregyháza (about 207 km east of Budapest), Minister of Foreign Affairs and Trade Péter Szijjártó said, according to a report by state news wire MTI.
The government is supporting the investment, which will create 250 jobs, with a HUF 5.85 bln grant, Szijjártó said.
Lego group VP Jesper Hassellund Mikkelsen said the company needs the additional capacity in light of a more than 20% rise in sales last year, in spite of the pandemic. Injection molding capacity at the base in Nyíregyháza will rise by 50% and packaging capacity by 30% when construction is completed in 2023, he said.
The investment will add more than 70,000 sqm of production area at the base.
Lego's local unit had revenue of close to HUF 47 bln in 2020, public records show.
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