Meyer Burger follows up with another success story in the Chinese market. The customer, Trina Solar, is buying band and wire saws in a contract worth more than CHF 30 million. As part of a substantial expansion of Trina Solar’s existing production capacities, wafer production will be expanded using Meyer Burger’s highly precise and economic wire and cropping saws. The first machines will be delivered early in 2008.
Meyer Burger Technology AG (SWX Swiss Exchange: MBTN) announced today that the company has concluded another contract with a successfully expanding Chinese company called Trina Solar. The contract for CHF 30 million shall cover a considerable part of Trina Solar’s planned production capacity expansion. The systems are scheduled for delivery in early 2008. China represents one of the largest potential growth markets and this message of continuing success confirms Meyer Burger’s strategy of becoming a world-leading system provider in wafer production throughout the value chain.
Trina Solar is based in the city of Changzhou in China’s Jiangsu Province and is currently expanding its fully integrated production capacity, from ingots to ready-to-use solar modules. Meyer Burger shall supply the necessary systems for slicing silicon into solar wafers as part of Trina Solar’s capacity expansion.
“The fact that Meyer Burger has won the contract for equipping the new wafer production line as part of Trina Solar’s production expansion is all the more significant because we were able to assert ourselves against a very strong competitor” said Peter Pauli, Meyer Burger’s CEO, with pleasure. “We are proud to be able to support Trina Solar with its future expansion plans with a 100 percent commitment and our many years of experience in slicing silicon”.
“We are impressed by the personal commitment, the technical expertise and the clear company strategy that is evident throughout the entire Meyer Burger company” said Jifan Goa, Trina Solar’s CEO. “We are looking forward to successful cooperation with Meyer Burger”.
About Meyer Burger Technology Ltd
http://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 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. 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 and AMB Apparate + Maschinenbau GmbH, have their headquarters and production facilities in Germany. The group also has subsidiaries and own service centres in Germany, Norway, China and Japan, which all are 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 455 million in fiscal year 2008 and employed more than 630 staff worldwide as of year end 2008.
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