Meyer Burger concludes a contract for wire and band saws for over CHF 62 million from REC Wafer. The machines will be used in REC Wafer’s planned production plant for the manufacture of solar wafers, cells and modules. The new production plant for the manufacture of multi-crystalline wafers will be built in Singapore as part of REC Wafer’s expansion of capacity. The delivery of the wire and band saws shall take place in stages. The first deliveries will be made from the second half of 2009 onwards. The last machines will be delivered at the beginning of 2010. In April 2007 Meyer Burger reported on the successful contract for more than CHF 50 million for wire and band saws as part of an expansion of the production capacities of REC Wafer. This new contract is a follow-on contract and confirms REC Wafer’s trust in the partnership with Meyer Burger.
Meyer Burger Technology AG (SWX Swiss Exchange: MBTN) announced today that the company had successfully concluded a further contract with REC Wafer Ltd to supply band and wire saws. As part of the capacity expansion of REC Wafer, Meyer Burger will supply wire and band saws to the value of CHF 62 million from the 2nd half of 2009, with completion in the 1st quarter of 2010. REC Wafer is a division of the REC Group, the largest manufacturer in the world of multi-crystalline silicon and wafers for the solar industry, with its headquarters in Sandvika, outside Oslo, Norway.
The machines are intended for the new REC Wafer production plant in Singapore. This follow-on contract is independent of the contract of over CHF 50 million already announced in April 2007 for the REC Wafer production plant in Herøya, Norway. For Meyer Burger this contract is strategically important and confirms that the high demands of the rapidly growing solar industry can be managed with great commitment and understanding of the needs of the customer.
In addition to supplying wire and band saws, Meyer Burger is also planning to open another Meyer Burger Customer and Service Centre in the vicinity of the production plant in Singapore.
The continuous expansion of the customer and service network is in line with Meyer Burger’s corporate strategy to be as close as possible to our customers and in this way to guarantee the quality of the maintenance and process sequences with its own employees.
For further information, please contact:
Werner Buchholz, Head of Corporate Communication
+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 REC
www.recgroup.com
REC is uniquely positioned as one of the most integrated company in the solar energy industry. REC Silicon and REC Wafer are the world's largest producers of polysilicon and wafers for solar applications. REC Solar produces solar cells and solar modules and engage in project development activities in selected segments of the PV market. REC Group had revenues in 2007 of NOK 6,642 million and an operating profit of NOK 2,588 million. Please also see www.recgroup.com
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Press_Release_REC_Wafer
