Meyer Burger secures further sizable equipment orders

Meyer Burger’s busy year continues with another couple of large equipment orders, which will add to its impressive start to 2016. The company’s state-of-the-art PERC technology is becoming increasingly popular amongst PV manufacturers around the world, which is increasing its share of the mono-crystalline silicon wafer market.

The latest equipment orders have come from two of Meyer Burger’s existing PV customers, one from Asia and one from Europe. They are for the company’s DW288 Series 3 diamond wire saws, which Meyer Burger will now deliver and install, aiming to have the installations completed by the end of 2016.

The total value of the orders is approximately CHF 15 million, and will allow the customers to increase their production volume of solar wafers. The PERC technology also enables companies to reduce their manufacturing costs.

Meyer Burger is continuing to increase its share of the growing mono-crystalline silicon wafer market, as the company has secured a number of significant orders for its specialist PERC technology this year. Most notable was a CHF 40 million (USD 40.6 million) order from an unnamed Chinese PV manufacturer in June. These orders have compounded the positive financial results that the company posted for the first half of 2016.

However, that didn’t stop Meyer Burger from initiating a company-wide restructuring program just last week, which aims to reduce the company’s overall operating costs by CHF 50 million. As part of the restructuring, approximately 250 employees will lose their jobs, of which many will be lost from the company’s headquarters in Thun, Switzerland.