Meyer Burger Ltd, a subsidiary of Meyer Burger Technology Ltd, receives tax relief of 50 percent on profits and capital. The tax relief has been granted by the canton of Berne for a period of 10 years, starting retroactively on 1 January 2008 and until 31 December 2017. In return, Meyer Burger Ltd will realise several projects in Thun and within the canton of Berne and thereby supports the economic promotion in the canton of Berne and the working place Switzerland.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that its subsidiary Meyer Burger Ltd, located in Thun, has received tax relief of 50 percent on cantonal, communal and church taxes from the Finance and Economic Directorate of the canton of Berne, in conjunction with the economic promotion and the strengthening of the economic area Thun. The tax relief has been granted for 10 years, starting retroactively on 1 January 2008 and running until 31 December 2017. Due to this tax relief, Meyer Burger expects that the tax rate of the Group for fiscal year 2010 will be reduced by some percentage points compared to the previous year, and that the retroactive tax relief (for years 2008/2009) will lead to a one-time positive effect in the current fiscal year, respectively. From today’s point of view, the tax rate 2010 for Meyer Burger Group is estimated to amount to a single-digit percentage rate.
For the economic area Thun and the canton Berne overall, innovative companies such as Meyer Burger Ltd represent top publicity for a sustainable economic promotion. On 25 March 2010, Meyer Burger Ltd informed about a planned new building project “Campus” and the new headquarters, which will suit up to 600 employees in Thun. An important part of this new building project is the construction of a new competence centre for research and development activities in photovoltaics (solar industry). With such a competence centre, Meyer Burger Ltd intends to work closely together with universities and third parties to further develop the Swiss technological leadership position in the solar technology, and thereby directly supports the leading position of Switzerland in this highly competitive and strongly growing technology market. Meyer Burger Technology Group already commands an outstanding global position in the innovative and sustainable industry of photovoltaics (solar industry).
Further information:
Michel Hirschi
Chief Financial Officer
Tel +41 (0) 33 439 05 98
m.hirschi@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger 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 within the group are used in the solar industry (photovoltaics), semiconductor 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 competences 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. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines the key technologies of soldering, laminating and testing under one roof. Solar module manufacturers worldwide use the string soldering machines of Somont, the laminating lines of 3S Swiss Solar Systems and the testing technologies of Pasan, to produce solar modules whose performance, operating life and quality meet the highest demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, 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 group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Materials Tech, Inc. has its headquarters in Colorado Springs, CO, USA. The production facilities of 3S Swiss Solar Systems and Pasan are also located in Switzerland, while Somont is located in Germany. Meyer Burger Group has also subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea and Taiwan. In other important markets, the company relies on selected independent agents. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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