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Business

LEGO will invest more than $ 1 billion in brick plants in Virginia




LEGO plans to invest more than $ 1 billion to build a US production facility near Virginia’s capital Richmond, according to Gov. Glenn Youngkin

“I’m delighted to officially welcome @LEGO_Group to Virginia,” Youngkin tweeted. “They will invest over $ 1 billion to build their first production facility in Chesterfield County, creating over 1,760 new jobs. We look forward to a successful partnership.”

LEGO will invest more than $ 1 billion in brick plants in Virginia

Virginia Gov. Glenn Youngkin announces LEGO’s arrival in his state. (Twitter @GovernorVA / Fox News)

He added: “The LEGO Group’s decision to establish its US manufacturing facility in Virginia puts a global spotlight on the benefits that make the Commonwealth the best place to do business in the nation, and we look forward to a long and successful partnership with this iconic company.”

The Virginia plant, which is expected to open in 2025, will be the LEGO Group’s seventh plant globally and the second in the United States, joining a website in Mexico, according to a press release.

LEGO AND NEW YORK CELEBRATE COMPANY’S 90TH ANNIVERSARY EARLY WITH WEEKLY SURPRISES

The 1.7 million square meter Virginia facility, with a carbon neutral design, will mold, process and package LEGO products and ensure that they meet the company’s safety and quality requirements.

It will be located in a publicly owned industrial park in Chesterfield County, about 20 miles south of Richmond near Interstate 95. All of its daily energy needs will be matched by renewable energy generated by an on-site solar park, the company promised. .

Legoland New York Resort 90th Anniversary Cake

Legoland New York Resort has a 20-foot-tall birthday cake on display for the Lego Group’s 90th anniversary. (Legoland New York Resort / Fox News)

“We were impressed with everything Virginia has to offer, from access to a skilled workforce, support to high quality producers and good transport links,” said Niels Christiansen, CEO of the family-owned company headquartered in Billund, Denmark. a statement. “We appreciate the support for our ambition to build a carbon-neutral plant and build a solar park and look forward to building a great team.”

The company will be eligible for a number of taxpayer-funded incentives, including a $ 56 million benefit-based grant and site development improvements subject to legal approval estimated to cost up to $ 19 million, a press release said.

CLICK HERE TO GET THE FOX BUSINESS APP

Construction is expected to begin this fall and a temporary warehouse will open in an existing building nearby in early 2024, creating up to 500 jobs, according to the company’s news release.

The Associated Press contributed to this report.



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