Meyer Burger has successfully concluded a contract for wire saws of approximately CHF 30 million with Shangahi Comtec Solar Technology Co., Ltd. Comtec is listed on the Stock Exchange of Hong Kong (stock code: 00712.HK). In the course of Comtecs’ planned expansion of production capacity to 400MW in 2010, the wire saws from Meyer Burger Ltd will secure the manufacturing of high grade solar wafers. The delivery is scheduled to start in April with completion until the end of 2010.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today, that the group member Meyer Burger Ltd, succeeded in concluding a contract for the supply of high-tech slicing systems with Chinas leading crystalline wafer supplier, Comtec Solar,Technology Co.,Ltd. Comtec Solar plans to expand it’s production capacity from 200MW to 400MW in 2010.The first shipment of wire saws leaves the production facility in Thun in April 2010. Completion of the delivery is expected by the end of the year 2010.
Comtec Solar is a pure-play crystalline solar ingot and wafer manufacturer based in Shanghai, China. The company focuses on the design, development, manufacturing and marketing of high-quality mono-crystalline solar wafers. Comtec is one of the first such manufacturers in China to be able to mass produce 156mm x 156mm mono-crystalline solar wafers with a thickness of approximately 170 microns. Comtec Solar is committed to promoting, developing and providing solutions for the alternative and clean energy.
Further information:
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger 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 within the group are used in the solar industry (photovoltaics), semiconductor 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. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines key technologies of soldering, laminating and testing under one roof. Solar Module Manufacturers worldwide use the String soldering machines of Somont, the laminating lines of 3S Swiss Solar Systems and the testing technology of Pasan, to produce solar modules whose performance, operating life and quality meet the most exacting demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, 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 AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Wire Technologies Inc. has its headquarter in Colorado Springs, CO, USA. The production facilities of 3S Swiss Solar Systems and Pasan are also located in Switzerland, while Somont is located in Germany. Meyer Burger Group has also subsidiaries and own service centres in Germany, Spain, Norway, USA, China and Japan, which all are represented by its own staff on-site. In Taiwan Meyer Burger works with independent sales and service partners that are part of Meyer Burger’s global service network. In other important markets, the company relies on selected independent agents. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE 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.
Press Release PDF
