The LEGO GROUP SIGNS A COOPERATION WITH COTECCONS TO BUILD LEGO FACTORY IN VIETNAM

Ho Chi Minh City, August, 2022, Coteccons Construction Joint Stock Company and LEGO Manufacturing Vietnam Limited Company held a signing ceremony of cooperation on the implementation of the construction of the LEGO® factory in Vietnam; LMV at VSIP III Industrial Park, Binh Duong. Accordingly, Coteccons is awarded as the General Contractor for the full completion of all works including all site development and building works in Streams 1-5, a total of approximately 163,000 m² (GFA).

 

The area to include an Outbuilt Office Building, an Energy Center, a Moulding and Services Building, a Packing Facility, a High Bay Warehouse, and the entire outdoor infrastructure, ring utilities, parking space, landscaping and other functional buildings.

Mr. Chris Senekki – The Deputy CEO of Coteccons – who has joined the project since the beginning expressed: “We are delighted to have been nominated as LEGO Manufacturing Vietnam’s preferred Contractor.  The LEGO Project team set out a very well and professionally managed procurement process. During the time working on this project, Coteccons performed very well consistently, with honesty, integrity and transparency to meet the high demands of LMV team, especially at the sustainability aspect.  Though the project is very challenging, Coteccons team is very excited to commence the next part of this journey and as one team with LEGO, deliver an exceptional project!”

The LEGO Manufacturing Vietnam (LMV) Factory will be a world-class flagship for the LEGO factory workplace experience and showcase a unique work environment that is caring, inclusive, inspiring and brimming with LEGO DNA and signature experiences.

“The LMV Factory will be the first production site to showcase our new Future Factory Workplace concept, which builds on a year of collecting insights and wishes from the LEGO Group’s existing production sites and providing a compelling vision for our future factory workplaces that reflects our company values and aspirations. This global concept will then be contextualized to reflect the local culture and needs specific to the LMV site. After 8 months of the tendering process, we are very happy to work with Coteccons – a partner that share the same values and purpose in this signature project to create our very important milestone for the future” Mr. Preben ELNEF, The LEGO Group Vice President & General Director LMV shared about the project.

In March 2022, LEGO Group was officially licensed to invest in a factory project with an investment value of 1 billion USD in Binh Duong province. The factory will be built on an area of 44 hectares in the VSIP III industrial park. This is the 6th factory of the LEGO Group globally, the 2nd in Asia and the project with the largest investment capital by a Danish enterprise in Vietnam.

“Coteccons is honored to cooperate with LMV to build a factory of the future in Vietnam. At Coteccons, we are constantly striving to create a better tomorrow and to make impacts that sustainable for the next generation.  The LEGO Group and Coteccons have the same belief of ‘BUILDING’, we build miracles from the connection of bricks and blocks. With those values, I strongly believe The LEGO Manufacturing Vietnam Factory will be the next iconic of Coteccons in our journey of Building Futures and pave the way to the international market”. – Mr. Vo Hoang Lam – CEO of Coteccons Construction Joint Stock Company.

The LEGO Manufacturing Vietnam factory project is expected to be launched in the last quarter of 2022 and start operating in 2024.

About the LEGO Group

The LEGO Group’s mission is to inspire and develop the builders of tomorrow through the power of play. The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine. The LEGO Group was founded in Billund, Denmark in 1932 by Ole Kirk Kristiansen, its name is derived from the two Danish words LEg GOdt, which means “Play Well”. Today, the LEGO Group remains a family-owned company headquartered in Billund. However, its products are now sold in more than 130 countries worldwide. For more news from the LEGO Group, and information about our financial performance and responsibility engagement, please visit www.LEGO.com/aboutus.

About Coteccons Construction Joint Stock Company

Established in 2004, Coteccons is a leading construction company in Vietnam. The company has grown both in size and reputation in implementing world-class projects with diverse services and fields such as Residential, Commercial, Hotel, Infrastructure and Industrial. By investing in modern construction practices and management techniques to ensure that, Coteccons remains at the cutting edge of the industry with 4 unique values called “COTECCONS INSIDE” including (1) Eco-friendly solutions; (2) Diversity: wide and experienced technical capacity; (3) Comfort & convenience services/products; (4) Additional value-added services for our clients.

 

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