Meyer Burger continues in its endeavours to become a worldwide leading independent Swiss equipment manufacturer of fully integrated and highly specialized cutting and slicing systems, and to supply strongly growing market participants such as Trina Solar Limited in China. In alignment with the growth strategy and expansion plans of Trina Solar, Meyer Burger signed a contract to supply cutting and slicing equipment until 2010 covering the entire demand of Band-, Wire- and ID Saws of Trina Solar. The total order volume amounts to approximately CHF 180 million.
Meyer Burger Technology AG (SWX Swiss Exchange: MBTN) announced today that the company has concluded another large contract volume for cutting and slicing machines with Trina Solar in China. Trina Solar plans to increase their production capacity through 2010. This new and additional order volume is in line with the growth strategy of Trina Solar and confirms the recently announced contract of Meyer Burger with Trina Solar in the amount of CHF 30 million on 12 June 2007. The additional delivery of Band-, Wire- and ID saws is split into several shipments. The entire contract amounts to about CHF 180 million until 2010. For the fiscal year 2008, Meyer Burger expects to generate revenues of CHF 50 million out of this total contract value.
The fact that Trina Solar has selected Meyer Burger once more as one of their most important equipment manufacturers to secure the expansion of their production capacities is a result of the tireless efforts of Meyer Burger and its specialized staff. The first systems are scheduled for delivery beginning in June 2008. China remains one of Meyer Burger’s strongest sales markets in Asia. With Trina Solar as a strong growing customer within the Solar Power industry, Meyer Burger has been able to put another strong footprint into the market.
Trina Solar is based in Jiangsu Province, China, and has consistently been expanding its production for a fully-integrated manufacturing, from ingots and wafers to cells and ready-to-use solar modules. Meyer Burger has already been favoured by Trina Solar for their initial production expansion and will remain a major system provider in the future.
“We are very proud to be part of the great company development of Trina Solar in the Chinese Market. This success is again a great acknowledgment in our daily efforts to provide leading technologies, fully integrated systems and services to our customers worldwide.” said Peter Pauli, Meyer Burger’s CEO. “We will continue in our dedication to support Trina Solar with all our expertise to secure highest quality at best cost of ownership throughout the entire wafer manufacturing process”.
“Meyer Burger has proved to be the right partner for Trina Solar and their engagement to support us in our goals is unrivalled in the industry” said Jifan Gao, Trina Solar’s CEO. “We take trust in their forward looking business approach and are looking forward to an exciting and challenging future.”
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufactures that has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. Trina Solar successfully completed its initial public offering on the New York Stock Exchange in December 2006 and its ADSs are traded under the ticker symbol ”TSL.” For further information, please visit Trina Solar's website at http://www.trinasolar.com
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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