Meyer Burger reports another large contract for more than CHF 30 million in China

Meyer Burger follows up with another success story in the Chinese market. The customer, Trina Solar, is buying band and wire saws in a contract worth more than CHF 30 million. As part of a substantial expansion of Trina Solar’s existing production capacities, wafer production will be expanded using Meyer Burger’s highly precise and economic wire and cropping saws. The first machines will be delivered early in 2008.

Meyer Burger Technology AG (SWX Swiss Exchange: MBTN) announced today that the company has concluded another contract with a successfully expanding Chinese company called Trina Solar. The contract for CHF 30 million shall cover a considerable part of Trina Solar’s planned production capacity expansion. The systems are scheduled for delivery in early 2008. China represents one of the largest potential growth markets and this message of continuing success confirms Meyer Burger’s strategy of becoming a world-leading system provider in wafer production throughout the value chain.

Trina Solar is based in the city of Changzhou in China’s Jiangsu Province and is currently expanding its fully integrated production capacity, from ingots to ready-to-use solar modules. Meyer Burger shall supply the necessary systems for slicing silicon into solar wafers as part of Trina Solar’s capacity expansion.

“The fact that Meyer Burger has won the contract for equipping the new wafer production line as part of Trina Solar’s production expansion is all the more significant because we were able to assert ourselves against a very strong competitor” said Peter Pauli, Meyer Burger’s CEO, with pleasure. “We are proud to be able to support Trina Solar with its future expansion plans with a 100 percent commitment and our many years of experience in slicing silicon”.

“We are impressed by the personal commitment, the technical expertise and the clear company strategy that is evident throughout the entire Meyer Burger company” said Jifan Goa, Trina Solar’s CEO. “We are looking forward to successful cooperation with Meyer Burger”.

For further information please have a look on http://www.meyerburger.ch/

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