Lego opens groundbreaking $1 billion factory with incredible ambitions: 'Sometimes it takes a big company ... to take those risks'
Lego opened a remarkable $1 billion factory in Vietnam designed to make beloved toy bricks without adding carbon pollution, reported The Associated Press.
The new facility near Ho Chi Minh City will run on clean energy by early 2026, making it Vietnam's first factory to reach this environmental goal.
The impressive operation covers an area equal to 62 soccer fields and uses 12,400 solar panels with a battery storage system that will supply most of the factory's electricity needs.
This development helps both toy makers and eco-minded parents.
Lego is working to cut pollution by 37% by 2032 and reach net zero by 2050. The factory already uses paper bags instead of single-use plastic for packaging and has planted twice as many trees as were removed during construction.
The Vietnam location also makes strategic business sense for the Danish toy maker.
By placing factories in regions they supply, Lego can avoid tariffs and better serve growing markets in Southeast Asia. The company will open a distribution center in Vietnam's southern Dong Nai province to help serve Australia and other Asian countries.
Inside the factory, highly advanced robots make colorful bricks with incredible precision: to a 10th of a hair's width. The facility will employ thousands of skilled workers trained at Lego's factory in eastern China to operate these sophisticated machines.
Vietnam stands to gain from this project as well.
The country aims to reach net-zero pollution by 2050 and hopes this factory will set an example for more green manufacturing. A new 2024 rule allows big foreign companies to buy clean energy directly from solar and wind power producers, helping Lego meet its clean energy goals.
Should the government be paying us to upgrade our homes?
Definitely
Depends on how much it costs
Depends on what it's for
No way
Click your choice to see results and speak your mind.
"We just want to make sure that the planet that the children inherit when they grow up needs to be a planet that is still there. That is functional," Lego CEO Niels Christiansen told the AP.
Mimi Vu, founder of the consultancy Raise Partners in Ho Chi Minh City, explained that the factory shows how large, energy-heavy factories can be sustainable yet remain profitable.
"Sometimes it takes a big company, like Lego, to take those risks. To show that we can do it … and we can be profitable," she said.
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Asian Penny Stock Opportunities: Guangzhou Automobile Group And 2 More Hidden Gems
As global markets continue to navigate economic uncertainties, the Asian market presents intriguing opportunities for investors seeking growth at lower price points. Penny stocks, often associated with smaller or newer companies, offer a unique chance for substantial returns when backed by strong financials and robust fundamentals. Despite being a somewhat outdated term, these stocks remain relevant as potential hidden gems in the investment landscape. Name Share Price Market Cap Financial Health Rating YKGI (Catalist:YK9) SGD0.10 SGD42.5M ★★★★★★ Lever Style (SEHK:1346) HK$1.15 HK$725.59M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.10 HK$1.75B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.425 SGD172.25M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.18 HK$1.97B ★★★★★★ Halcyon Technology (SET:HTECH) THB2.64 THB792M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.28 SGD8.97B ★★★★★☆ Beng Kuang Marine (SGX:BEZ) SGD0.179 SGD35.66M ★★★★★★ BRC Asia (SGX:BEC) SGD3.12 SGD855.97M ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$4.52 HK$51.78B ★★★★★★ Click here to see the full list of 1,147 stocks from our Asian Penny Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Guangzhou Automobile Group Co., Ltd. is involved in the research, development, manufacture, and sale of vehicles, motorcycles, and related parts both in Mainland China and internationally, with a market cap of approximately HK$69.37 billion. Operations: Revenue Segments: No specific revenue segments have been reported for Guangzhou Automobile Group Co., Ltd. Market Cap: HK$69.37B Guangzhou Automobile Group is navigating challenges as a penny stock with its recent strategic initiatives and financial performance. The company has launched a Brazil Action Plan, marking significant expansion efforts in Latin America, which may enhance its global footprint. Despite these strategic moves, the company reported a net loss of CNY 731.61 million for Q1 2025 amid declining sales and production volumes. However, Guangzhou Automobile maintains strong liquidity with short-term assets exceeding both long-term and short-term liabilities. Additionally, its management team is experienced, which could be beneficial in steering through current financial difficulties while focusing on future growth opportunities. Unlock comprehensive insights into our analysis of Guangzhou Automobile Group stock in this financial health report. Examine Guangzhou Automobile Group's earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Greentown Service Group Co. Ltd. offers residential property management services in China and internationally, with a market cap of HK$13.17 billion. Operations: The company's revenue is primarily derived from Property Services (CN¥12.40 billion), followed by Community Living Services excluding Technology Services (CN¥2.74 billion), Consulting Services (CN¥2.41 billion), and Technology Services (CN¥341.19 million). Market Cap: HK$13.17B Greentown Service Group demonstrates a mix of strengths and challenges as an investment in the penny stock category. The company has shown significant revenue growth, reaching CN¥17.89 billion for 2024, with net income also rising to CN¥785.08 million. Its earnings growth over the past year outpaced both its five-year average and industry performance, indicating potential resilience in a volatile market. Despite this progress, Greentown's Return on Equity remains low at 8.8%. However, its financial stability is underscored by short-term assets exceeding liabilities and debt being well-covered by operating cash flow, suggesting prudent fiscal management amidst market fluctuations. Dive into the specifics of Greentown Service Group here with our thorough balance sheet health report. Learn about Greentown Service Group's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Xinyi Solar Holdings Limited is an investment holding company that produces, sells, and trades solar glass products across Mainland China, Asia, North America, Europe, and internationally with a market cap of HK$22.51 billion. Operations: The company generates revenue primarily from the sale of solar glass, amounting to CN¥18.82 billion, and its solar farm business, including EPC services, which contributes CN¥3.02 billion. Market Cap: HK$22.51B Xinyi Solar Holdings presents a complex picture in the realm of penny stocks. The company has faced challenges with declining profit margins, currently at 4.6% compared to last year's 15.9%, and negative earnings growth over the past year. Despite these setbacks, it maintains a satisfactory net debt to equity ratio of 30.7% and covers its interest payments well with EBIT coverage at 6.2 times. The board's seasoned experience, averaging an impressive tenure of 11.8 years, adds stability amidst recent changes like appointing Ernst & Young as auditors and amending corporate bylaws during its latest AGM on May 30, 2025. Click to explore a detailed breakdown of our findings in Xinyi Solar Holdings' financial health report. Review our growth performance report to gain insights into Xinyi Solar Holdings' future. Embark on your investment journey to our 1,147 Asian Penny Stocks selection here. Ready For A Different Approach? We've found 17 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:2238 SEHK:2869 and SEHK:968. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
an hour ago
- Yahoo
MRI Software Completes Acquisition of Anacle, a leading Singapore-based provider of Property and Facilities Management Solutions
Acquisition extends MRI's footprint in Asia; expands offerings for commercial real estate owners, operators, and tenants; drives scale with AI-powered innovations SYDNEY, June 10, 2025 /PRNewswire/ -- MRI Software, a global leader in real estate solutions and services, announced that it has completed its acquisition of Singapore-based Anacle Systems Limited, a pioneer in commercial property management, facilities, digital workplace, energy, and asset management solutions. The acquisition delivers expanded capabilities and scale for the commercial, occupier, and residential markets across Asia Pacific, including the public and private sectors. The deal was initially announced in March and the take-private transaction has been completed. A Game-Changer for APAC's PropTech Ecosystem "This acquisition marks a major milestone in our APAC growth journey," said David Bowie, Executive Managing Director, APAC, MRI Software. "By combining Anacle's deep expertise in property management, smart infrastructure, sustainability, and government-grade lifecycle asset management with MRI's open, AI-powered platform, we are unlocking new levels of innovation, compliance, and operational insight for our clients." The strategic collaboration deepens MRI's longstanding client relationships in Singapore and expands its presence across Asia via Anacle's trusted client base and solutions tailored for complex, regulated environments. At the same time, Anacle clients gain access to MRI's broader global ecosystem—spanning property management, document intelligence, leasing, and analytics capabilities. Complementary Strengths Delivering Immediate Client Value Anacle's products will be enhanced with MRI's broader real estate and energy technology offerings. Together, the combined portfolio delivers solutions across Asia-Pacific for all property sectors. "This is a powerful collaboration," said Alex Lau, CEO of Anacle. "MRI brings the operational scale, innovation roadmap, and trusted global presence that will empower us to accelerate our product vision and deliver even more benefits to our clients across Asia. We're proud to join an organization that shares our dedication to the industry and aligns with our core values." An Enhanced Regional Presence with Global Support Anacle's headquarters in Singapore and diverse customer base across Hong Kong, Japan, Malaysia, Taiwan, China and other Asian countries expand MRI's presence in the region, giving clients across Asia-Pacific access to more regional talent, increased investment and product localisation—all while maintaining continuity of service. Anacle will continue to support its clients without interruption. About MRI SoftwareMRI Software is a leading provider of real estate software and services that transform the way communities live, work and play. MRI's open and connected, AI-powered platform enables owners, operators, agents and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. A trailblazer in the PropTech industry, MRI serves more than 45,000 organisations across 170 countries. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. MRI became one of the first real estate software providers to serve Australia and New Zealand in 1995 and continues to grow its client and employee footprint throughout the APAC region. For more information, please visit Media Contact Amber KeoghCommunications Snr Manager, MRI Software View original content: SOURCE MRI Software
Yahoo
an hour ago
- Yahoo
June 2025's Asian Stock Picks Estimated Below Fair Value
As global markets navigate a complex landscape marked by trade tensions and economic shifts, Asian markets have shown resilience, with Chinese stocks gaining ground amid expectations of government stimulus. In this environment, identifying undervalued stocks can be a strategic approach for investors seeking opportunities below fair value, especially when considering factors such as market sentiment and macroeconomic developments. Name Current Price Fair Value (Est) Discount (Est) Wenzhou Yihua Connector (SZSE:002897) CN¥38.99 CN¥76.64 49.1% Taiyo Yuden (TSE:6976) ¥2411.50 ¥4741.52 49.1% Livero (TSE:9245) ¥1692.00 ¥3352.54 49.5% Kanto Denka Kogyo (TSE:4047) ¥841.00 ¥1677.13 49.9% Hangzhou Zhongtai Cryogenic Technology (SZSE:300435) CN¥16.67 CN¥33.21 49.8% Gushengtang Holdings (SEHK:2273) HK$38.35 HK$76.50 49.9% Fuji (TSE:6134) ¥2253.50 ¥4448.27 49.3% Everest Medicines (SEHK:1952) HK$54.55 HK$107.01 49% Brangista (TSE:6176) ¥597.00 ¥1180.86 49.4% Boditech Med (KOSDAQ:A206640) ₩15850.00 ₩31439.92 49.6% Click here to see the full list of 302 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Underneath we present a selection of stocks filtered out by our screen. Overview: BYD Company Limited, along with its subsidiaries, operates in the automobiles and batteries sectors across China, Hong Kong, Macau, Taiwan, and internationally, with a market cap of approximately HK$1.17 trillion. Operations: BYD's revenue is primarily derived from its operations in the automobiles and batteries sectors, serving markets in China, Hong Kong, Macau, Taiwan, and internationally. Estimated Discount To Fair Value: 28.2% BYD is trading at HK$132.2, significantly below its estimated fair value of HK$184.06, indicating potential undervaluation based on cash flows. The company has demonstrated robust earnings growth of 47.2% over the past year and anticipates future revenue growth of 13.2% annually, outpacing the Hong Kong market average. Recent developments include a substantial dividend payout approved at their AGM and expansion plans in Europe, which could further enhance BYD's financial performance and market position in the EV sector. Upon reviewing our latest growth report, BYD's projected financial performance appears quite optimistic. Unlock comprehensive insights into our analysis of BYD stock in this financial health report. Overview: Everest Medicines Limited is a biopharmaceutical company focused on discovering, licensing, developing, and commercializing therapies and vaccines for critical unmet medical needs in Greater China and other Asia Pacific markets, with a market cap of HK$17.70 billion. Operations: The company's revenue segment includes Pharmaceuticals, generating CN¥706.68 million. Estimated Discount To Fair Value: 49% Everest Medicines is trading at HK$54.55, significantly below its estimated fair value of HK$107.01, suggesting potential undervaluation based on cash flows. The company anticipates a robust revenue growth rate of 29.8% annually, surpassing the Hong Kong market average. Recent product approvals for NEFECON in China and positive trial results for EVER001 underscore its strategic advancements in nephrology treatments, though profitability challenges remain with a net loss reported at CNY 1.04 billion last year. In light of our recent growth report, it seems possible that Everest Medicines' financial performance will exceed current levels. Click to explore a detailed breakdown of our findings in Everest Medicines' balance sheet health report. Overview: Bosideng International Holdings Limited operates in the apparel business in the People's Republic of China, with a market cap of HK$51.78 billion. Operations: The company's revenue segments include Down Apparels generating CN¥20.66 billion, Ladieswear Apparels contributing CN¥735.22 million, Diversified Apparels at CN¥254.12 million, and Original Equipment Manufacturing (OEM) Management bringing in CN¥2.97 billion. Estimated Discount To Fair Value: 23.2% Bosideng International Holdings is trading at HK$4.52, below its estimated fair value of HK$5.89, highlighting potential undervaluation based on cash flows. The company's earnings grew by 41.4% last year and are projected to grow 12.92% annually, outpacing the Hong Kong market's average growth rate of 10.4%. Despite an unstable dividend track record, analysts agree the stock price could rise by 23.6%, with revenue growth forecasted at 10.9% per year. Our earnings growth report unveils the potential for significant increases in Bosideng International Holdings' future results. Delve into the full analysis health report here for a deeper understanding of Bosideng International Holdings. Dive into all 302 of the Undervalued Asian Stocks Based On Cash Flows we have identified here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1211 SEHK:1952 and SEHK:3998. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
