Markets & Policy

Meyer Burger receives CHF 18 million order

The Swiss technology company will provide its MAiA 2.1 technology to two customers in Asia.
Mark Hutchins
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Mark Hutchins
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

Meyer Burger has signed two contracts with Asian customers, amounting to a total of CHF 18 million (US$ 18.03 million).

The orders are for delivery, installation and commissioning of its MAiA 2.1 platform with mass production PERC technology, and for SiNA cell coating systems. The equipment will be delivered in the second quarter of 2017.

In late 2016 the company announced a major restructuring of the business, and then a recapitalization program that issued CHF 160 million (US$160.4 million) in new shares. Meyer Burger has enjoyed a strong start to the year, receiving several high profile orders.

Based on previous coverage, pv magazine estimates that the Swiss technology expert has received around CHF 47 million (US$47.1 million) worth of new orders in January 2017.

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