Lego A/S, the world’s largest toy manufacturer, is getting bigger! The company announced that they will expand and invest in its factories in Mexico, Hungary and Denmark to meet increasing demand for Lego products. Previously, they reported that they would have trouble filling all orders coming from customers for the remainder of the 2015 Christmas season.
They are currently running their factories at maximum capacity according to spokesman Roar Trangbaek.
Lego recently added 2 million square feet to an existing factory in Monterret, Mexico but plans to add more. The project will include more injection molding, processing, packing and warehousing. Manufacturing should start in 2018.
Similar expansion plans have been drawn up for locations in Hungary and Denmark.
John Goodwin, the company’s executive vice president and chief financial officer, said the expansion projects are needed to meet rising demand for Lego toys, which have grown at double-digit annual rates in the past decade.