Meyer Burger concludes another contract for wire saws for over CHF 30 million with Jinglong Group in China. In the course of Jinglong Group’s planned expansion of their production capacity the wire saws of Meyer Burger will secure the manufacturing of high grade quality solar wafers. The delivery of the wire saws shall take place in the second half of 2009 with completion end of 2009. This new contract is a follow-up contract and confirms the successful business relationship between the Jinglong Group and Meyer Burger.
Meyer Burger Technology Ltd (SWX Swiss Exchange: MBTN) announced today that the company had successfully concluded another contract with HeBei Jing Long I/E Trade Co. Ltd to supply high tech wire saws as part of the customer’s production capacity expansion plan. The contract volume amounts to more than CHF 30 million. The delivery of the wire saws will start in the second half of 2009, with completion end of 2009.
The headquarters of HeBei Jing Long I/E Trade Co. Ltd are located in Ningjin, Hebei Province, China. The company belongs to the Jinglong industry and commerce group (New York Stock Exchange: JASO). Jinglong Group is one of the largest monocrystalline wafer manufacturer in China with an annual production capacity of 2,600 tons of monocrystalline silicon, 80 million wafers and 175 megawatt solar cells.
The wire saws will secure Jinglong Group’s plan to extend the production capacity of today 175 megawatt to 425 megawatt in the course of 2010. For Meyer Burger this new contract is an important success in the challenging and fast growing solar market in China. With Jinglong Group as a continuous client, Meyer Burger will continue in its strategy to become the leading Technology Group providing advanced and innovative technologies, systems and processes for cutting and handling of crystalline and other high-grade materials in the photovoltaics. “Based on the core values faith, innovation and technology we are looking forward to support the Jinglong Group with our expertise in the future,” says Peter Pauli, CEO of Meyer Burger Technology Ltd.
For further information, please contact:
Werner Buchholz, Head of Corporate Communications
+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 AG 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. 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 employs more than 470 staff by end June 2008.
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