Meyer Burger receives third significant order in a week

Meyer Burger’s solar PV manufacturing equipment is in vogue at the minute, as the company has enjoyed a flurry of new orders in the last week, the most recent a CHF 8 million (USD 7.9 million) order from one of the company’s existing European customers.

Net sales reached CHF 212.3 million ($218 million), which is 2.5% lower compared to the previous year period (H1 2016 CHF 217.8 million ($223.6 million), which the company attributes to negative currency effects amounting to around CHF 2.6 million or -1.2% in the first half of 2017.

Image: Meyer Burger

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If the first couple of weeks of January is anything to go by, Meyer Burger is going to have a busy, and successful, 2017. Off the back of two orders, totaling CHF 20 million (USD 19.8 million), earlier in the week, the Swiss solar manufacturing equipment producer confirmed that it has received a further order of approximately CHF 8 million.

The order is for the newest generation DW 288 Series 3 diamond wire cutting technology, with Meyer Burger taking responsibility for the delivery and installation of the diamond wire cutting saws. The delivery and commissioning of the order is expected to begin in the second quarter of the year.

Interestingly, although the European solar market is currently on its knees, the order has come from one of Meyer Burger’s existing European customers, who will use the technology to increase its solar wafer production capacity.

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This is the third significant order that the Swiss company has received this week, after announcing two orders, totaling CHF 20 million, on Monday. Those orders came from within the bustling Asian market, from two of the company’s existing Asian customers. They all add to a rosy outlook for Meyer Burger in 2017, after accumulating 99.9% of the investment that they had aimed for in a major recapitalization initiated last year.

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