Meyer Burger confirms two tool orders worth combined $21.6 million

Switzerland’s Meyer Burger – which specializes in building tooling equipment for the solar industry – has confirmed today the receipt of two large orders from Asia companies totaling CHF 22 million ($21.6 million).

The first order, for Meyer Burger’s high precision water-based DW 288 diamond wire cutting technology, was placed by a leading Asian manufacturer of monocrystalline solar wafers, the company confirmed. This tool is used for the production of solar wafers for high performance cells.

The second order was for Meyer Burger’s MAiA 2.1 equipment with PERC technology – also placed by an unnamed but "major" solar cell manufacturer from Asia.

Delivery of both pieces of tooling equipment is scheduled to be completed in the first half of the year.

Meyer Burger also released some key, unaudited financial data for the fiscal year 2015, revealing that the company clocked CHF 418.9 million ($417 million) in incoming orders for the year, which was a 28.5% increase on orders received in FY2014.

The company’s order backlog was also up, by 35.5% to reach CHF 257.5 million ($257 million) as of December 31, 2015. Meyer Burger said that this strong trend in incoming orders "reflects the improvement in investment behavior by customers and the increased technology demand to further improve solar cell production lines with new and upgrade technologies".

Based on preliminary unaudited results, Meyer Burger’s net sales for the year reached CHF 323.6 million. A full report of the company’s annual performance will be published on March 22.