Meyer Burger wins an order to supply wire saws to SolarWorld, the German solar company. The order amounts to more than CHF 40 million. The wire saws will be supplied as part of the production expansion of SolarWorld plants. The shipping of the high-tech wire saws will begin from the second quarter of 2009 onwards. The subsequent deliveries will be made in stages up to the end of 2010.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that the Meyer Burger Ltd, a member of the Meyer Burger Group, succeeded in concluding another large contract for the supply of high-tech slicing systems. Meyer Burger shall supply the solar company SolarWorld with wire saws worth more than CHF 40 million as part of the latter’s capacity expansion.
SolarWorld is one of the leading solar businesses in the world and has developed from a commercial business into a solar company with integrated solar value-added process. SolarWorld does research, develops, produces and recycles throughout the entire value-added chain of the solar process. The wafer fab in Freiberg, Germany is to be expanded as part of its capacity expansion of crystalline wafer manufacturing.
SolarWorld is expanding the production capacity of the wafer fab in Freiberg to about 500 megawatt by the end of 2010. Meyer Burger’s high-tech wire saws are an important part of this capacity expansion.
As a company that is active worldwide, SolarWorld values Meyer Burger Ltd’s international experience in the provision of fully-integrated wafer production systems. Both enterprises want to make an important joint contribution to the sustainable development in the energy sector.
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, Meyer Burger Services 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.
About SolarWorld
www.solarworld.de
The SolarWorld Ltd group of companies (ISIN: DE0005108401) is a world leader in high quality solar power technology. The company is involved at all levels of the solar value chain and combines all activities of the solar industry from silicon as the raw material to turn-key solar power systems. SolarWorld Ltd is represented in all the world’s solar growth markets. The group is exclusively dedicated to its core business of photovoltaic power generation operating production facilities in Germany and the USA. They in turn supply the SolarWorld Ltd sales offices in Germany, Spain, USA, South Africa and Singapore. The central element of the business in addition to the sale of turn-key solar systems and solar modules to the trade is the distribution of solar silicon wafers to the international solar cell industry. Apart from grid-coupled (on-grid) products the SolarWorld Group also sells off-grid solar power solutions that make an important contribution to the sustainable economic development of threshold and developing countries.
SolarWorld Ltd employs 2,254 people worldwide. At the stock market the company is listed among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI index as well as in the sustainability indices DAXglobal Alternative Energy and NAI.
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 47 KB
