Meyer Burger Technology Ltd (SWX Swiss Exchange: MBTN) announced today that the company has gained ReneSola as an important promising customer in the Chinese market. Along with Germany, Norway and the USA this market plays a significant role in the solar industry.
The order received amounts to a total volume of more than CHF 20 million. The various wire saws are expected to be delivered during the second half of 2007and the first quarter of 2008.
ReneSola (listed on AIM, London Stock exchange: SOLA) has its head office near Shanghai, China. The main focus of ReneSola is on the production of recycled silicon and reaches to the processing of mono- and multicrystalline wafers. ReneSola’s objective, as a leading supplier of solar wafers, is to achieve a capacity of 256 megawatts by the year 2007, with a fully integrated production process. In this connection, Meyer Burger is supplying the necessary machines and systems to cut silicon into solar wafers for the stages of expansion of about 200 megawatts during 2007 and 2008.
"In this project Meyer Burger was able to successfully establish itself against its competitors“, comments Peter Pauli, CEO of Meyer Burger. “With this success Meyer Burger confirms again its technological edge in cutting silicon into thin wafers with thin wires. Our expertise and long-term experience in cutting hard and brittle materials with high-precision machines specifically designed for this purpose, enables our customers to make significant cost savings, which represents a considerable contribution to the reduction in overall costs demanded for solar energy.
" Li Xian Shou, CEO of ReneSola is pleased with the completion of the contract. "We have pleasure in the strategic partnership with Meyer Burger and look forward to further cooperation in the future".
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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