LEGO Builds New Factory In US - Check Out The Details - Mattel (NASDAQ:MAT), Hasbro (NASDAQ:HAS)

The Danish toy company, The LEGO Group, plans to invest more than $1 billion to build a new factory in Chesterfield County, Virginia.
LEGO expects the 1.7 million square foot facility, once completed, to provide jobs to more than 1,760 people.
CEO Niels B. Christiansen said, "This is an exciting step for the LEGO Group. More and more families are falling in love with LEGO® building and we are looking forward to making LEGO bricks in the US, one of our largest markets."
The company expects to begin the construction in fall 2022, with production projected to start in the second half of 2025.
The Virginia factory will be the LEGO Group's seventh factory globally and the second in the Americas.
LEGO expects the move to expand its global manufacturing network, shorten the supply chain, and support long-term growth in the Americas.
LEGO Group currently employs approximately 2,600 people in the U.S. and has been operating since the 1960s. Its U.S. head office is in Enfield, Connecticut.
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