fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Retail

Lego to inject USD 1 billion and construct a new factory in Vietnam

Lego is strategizing to diminish absolute carbon emissions by 37% by 2032

Sakshi K S by Sakshi K S
December 9, 2021
in Retail, Real Estate, The Global Economics, Top Stories, Ultility
Reading Time: 2 mins read
0
Lego to inject USD 1 billion and construct a new factory in Vietnam

Lego to inject USD 1 billion and construct a new factory in Vietnam

40
SHARES
222
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Lego A/S will capitalize USD 1 billion in a new-fangled factory in Vietnam to adhere to the maturing demand in Asia and aid the globe’s biggest toymaker to accomplish its goals of carbon-neutral operations by 2022.

Lego to build a new-fangled Vietnamese factory

The investment is inclusive of solar energy generation and will birth 4,000 jobs over the next 15 years at the site situated close to Ho Chi Minh City, the Danish firm stated in a statement on 8th December 2021 (Wednesday).

The site is dubbed to be Lego’s sixth production spot, adding to the prevalent facilities in Denmark, the Czech Republic, Mexico, Hungary, and China. The producer of the emblematic building blocks attested in September 2021 that the firm’s profit premeditated for the first half of its fiscal year more than doubled as consumers depended on its products to amuse their stuck-at-home children.

Lego is also occupied with working on substitutes to oil-based plastics in its building blocks. It is strategizing to diminish absolute carbon emissions by 37% by 2032, by also encompassing those from its supply chain.

The edifice in Vietnam is estimated to commence in H2 of 2022 and the production is due to embark in 2024, Lego stated. The firm will collaborate with local authorities to plant 50,000 trees in Vietnam to reimburse the flora that was eliminated during construction.

About Lego

The term ‘Lego’ is an acronym of the two Danish words – ‘leg godt’, which translates to ‘play well.’ The term forms the ideals of the company.

The Lego Group was conceived in 1932 by Ole Kirk Kristiansen. The firm has been passed down from father to son and is now possessed by Kjeld Kirk Kristiansen, the grandchild of the creator of the firm.

Over the past 90 years, the firm has traversed a journey of successes. What began in a small carpenter’s workshop is today a modern and international business enterprise that is one of the globe’s biggest manufacturers of toys.

The Lego brick is one of the firm’s most essential products. The firm’s products have been subjected to extensive developments over the past several years – however, the original Lego brick outline has been retained.

The brick in its present arrangement was revealed in 1958. The interlacing principle along with its tubes allows it to be a unique product that delivers unlimited building potentials. It is only a matter of enhancing the imagination and allowing a colossal range of creative ideas to birth via play.

Via: Short URL
Tags: absolute zero carbon emissionsLegotoymakervietnam
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

Related Posts

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?
The Global Economics

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

by Riya Thomas
February 7, 2023
AMC Theatre
The Global Economics

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

by Marifur Rahman
February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence
Exclusive Coverage

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

by The Global Economics
February 7, 2023
Japanese map with flag
Banking

Japan Govt Approaches Amamiya Regarding Becoming BOJ Governor

by Anuj Singh
February 7, 2023
Electric data centre
Technology

Oracle To Invest $1.5 Billion Data Centre In Riyadh, Saudi Arabia

by Anuj Singh
February 6, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

February 7, 2023
AMC Theatre

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

February 7, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version