Meyer Burger Ltd has received another significant order from ReneSola for the delivery of Wire Saws in the amount of approximately CHF 60 million. The first shipment of the Wire Saws DS 264 will take place in mid 2008. The entire delivery of all Wire Saws is scheduled during the course of 2009.
Meyer Burger Technology Ltd (SWX Swiss Exchange: MBTN) announced today, that Meyer Burger Ltd, a member of the Meyer Burger Group concluded another significant contract for wire saws with ReneSola, a successful Chinese manufacturer of wafer for the photovoltaic industry (AIM London Stock Exchange: SOLA) , headquartered near Shanghai, China. Last year in the months of March and April 2007, Meyer Burger already announced the successful closing of contracts for wire saws with a volume of CHF 20 million and CHF 25 million, respectively.
This new significant follow-up order is an important recognition to Meyer Burger, showing that its equipment and services satisfy the challenging demands of the Solar Industry and its clients.
The entire delivery is divided into various shipments and aligned with the extension for the production capacity and the provisioning of the newly built wafer production facilities in Asia. The very first delivery is scheduled for mid 2008. The outstanding balance of Wire Saws will be delivered in four different shipments during the course of 2009. This order emphasizes the growth strategy of the client and their confidence in the expertise and the advanced technologies of Meyer Burger.
ReneSola is a leading and fast growing Chinese provider of solar wafer for the photovoltaic industry. The company is specialized on the manufacturing of high grade recycled mono- and multicrystalline silicon.
„It is a great pleasure, that we have satisfied the high expectations of our client ReneSola in Meyer Burger as a true partner of leading advanced technologies and systems to produce thin solar wafers with thin wires. We will continue our endeavours to be a reliable and qualified partner to the client and support him actively in obtaining its objectives.“, says Peter Pauli, CEO of Meyer Burger Technology Ltd.
For further information, please contact:
Werner Buchholz, Corporate Communications
+41 33 439 05 06, w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger Technology Ltd is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies in the group are used in the solar industry (photovoltaics), semi-conductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The group’s core competencies are made up of a whole range of production processes, machines and systems that are used within the value chain in the manufacture of high quality wafers. The comprehensive range of products is complemented by a worldwide service network with wear and tear parts, consumables, re-grooving service, process know-how, servicing, after-sales service, training and other services. As a globally active company, the group is represented in Europe, Asia and North America in the respective key markets.
Meyer Burger has its headquarters and the production facility of Meyer Burger Ltd in Switzerland, while the new group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH, have their headquarters and production facilities in Germany. The group also has subsidiaries in China and Japan, and service centres in Germany and the Philippines, which are all represented by its own staff on-site. In Taiwan and the USA, Meyer Burger works with independent sales and service partners that are part of Meyer Burger’s global service network. In other important countries the company relies on selected independent agents. Meyer Burger generated net sales of CHF 208 million in fiscal year 2007 and employs more than 450 staff worldwide as of February 2008.
About ReneSola
www.renesola.com
ReneSola Ltd is a leading solar wafer manufacturer in China. Capitalizing on proprietary technologies and technical know-how, ReneSola manufactures monochrystalline and multicrystalline solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. In addition, ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing. ReneSola possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules.
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