Meyer Burger expects return to profit in H1 2018
In a preview of its half year financial results, Swiss equipment supplier, Meyer Burger has announced it is expecting a return to profit in the first half of 2018, recovering from a lengthy period of losses, including a major restructuring and the closure of multiple production sites.
Hurricane Maria moves Solartech Universal’s expansion to South Florida
Solartech Universal plans to expand its current 80 MW/year capacity by 180 MW/year. The company is seeking a facility in South Florida.
Meyer Burger sells Solar Systems unit to former board member
The Swiss PV equipment manufacturer will sell the division to Patrik Hofer-Noser. Both sides agreed to keep the purchase price confidential. Nevertheless, Meyer Burger assumes that the sale will result in a loss in the low single-digit million range.
Meyer Burger outsources SWCT production to Mondragon
The Swiss solar PV equipment manufacturer has signed a cooperation agreement with Spanish competitor, Mondragon Assembly. Following the closure of the Meyer Burger production site in Thun at the end of the year, the latter will manufacture Smartwire Connection technology going forward. However, patents and sales of the technology will remain the property of Meyer Burger.
Meyer Burger secures $16 million equipment order from Asia
Meyer Burger Technology Ltd has secured a CHF 16million (US$16.3 million) order from an unidentified Asian customer for its MAiA and FABiA cell coating equipment. It is the first industrial order for the latter platform, says the company.
Meyer Burger to appeal Chinese ruling in patent infringement lawsuit
Meyer Burger (Switzerland) Ltd has said it will appeal the decision by a Chinese court to dismiss claims that Wuxi Shangji Automation Co. Ltd has infringed on its patented wire wrapping system.
Meyer Burger reports €67.8 million loss for fiscal 2017
The Swiss PV equipment manufacturer recorded a loss of around €68 million last year. Although Meyer Burger was able to slightly increase sales, the EBITDA margin was below 3%. This year, the company is aiming for an EBITDA margin of 10%, in order to return to profitability.
REC Group selects Meyer Burger’s SmartWire technology for Singapore fab
Switzerland’s Meyer Burger to deliver and install its SmartWire Connection Technology at REC Group’s production facility in Singapore at the start of Q2, company confirms.
Meyer Burger goes to Chinese court for patent infringement
The Swiss PV equipment manufacturer has filed a patent infringement lawsuit in China against Wuxi Shangji Automation Co, Ltd for the protection of its patented wire winding system for the cutting of solar wafers, the Diamond Wire Management System (DWMS).
Meyer Burger achieves highest order intake in six years
According to preliminary financial figures released today, Swiss equipment provider Meyer Burger has registered a slight increase in sales for the full year 2017, improving on its 2016 net result. Nevertheless, the company is still reckoning with a significant loss for the year.
