Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that its subsidiary Meyer Burger Ltd has adjusted the intensive growth strategy to the difficult economic and financial environment. It has prepared possible scenarios and capacity adjustment measures to secure a sustainable and cost-efficient growth.
Over recent years, Meyer Burger has continuously modernised and adapted its production to the immense growth rates. Today, the company is able to manufacture the machines for delivery in a “just-in-time” production process and according to defined delivery plans. Due to delays on the customer side, Meyer Burger has to adjust various deliveries and therefore its production capacities in early 2009. The difficult economic environment forces Meyer Burger Ltd to prepare different scenarios and measures in a responsible, provident, and sustained way. As a first measure, the reduction of temporary work force at the production site in Thun was implemented. Further possibilities such as taking up the balance of unused holidays, a reduction of overtime hours or the use of unpaid leave will be taken into consideration or applied when implementing capacity adjustments. Other measures to secure and sustain Know-How and the flexibility of delivery are being planned and, if necessary, will be put into place.
Meyer Burger confirms its targets for net sales in an amount of approx. CHF 450 million for fiscal year 2008, as already communicated at an earlier point in time.
For further information, please contact:
Werner Buchholz, Head of 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 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 employed more than 470 staff worldwide by end of June 2008.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
Pressrelease, PDF 38KB
