Lego to invest €25-50 mln in Hungary
Danish toy manufacturer Lego is planning to invest approximately €25-50 mln at its unit in Nyíregyháza, eastern Hungary, by building automatic high-bay warehouses and a decoration and assembly plant, plant manager Jesper Hassellund Mikkelsen and mayor Ferenc Kovács announced at a joint press conference yesterday.
The refurbishments, which are expected to take 12-18 months for the assembly plant and two years for the warehouses, will expand production capacity and increase headcount by 200 at the plant, which currently employs 2,400, Mikkelsen said.
The plant manager added that a recent decision will result in the installation of injection moulding equipment at a leased plant at a site formerly used by Lego, where 150 new employees will be required to launch production early next year.
Mikkelsen added that the firm is also considering doubling injection moulding and packaging capacity at the Hungarian plant by 2020, as part of its long-term development plans. “If this decision is made, headcount could increase by a further 1,300,” he said.
Publicly available figures show that Lego Manufacturing Kft. had pre-tax profit of HUF 860.5 mln and net profit of HUF 788.7 mln on revenue of HUF 28.2 bln last year, according to Hungarian news agency MTI.
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