Meyer Burger reaches another milestone and wins a major order worth more than CHF 160 million

Meyer Burger continues on course and underlines its successful growth strategy by winning a major order in China. Glory Silicon Energy is a recently established company. It was founded by various investors, including the Huantai Corporation. Huantai supports Glory Silicon with its technological knowledge and its many years of expertise. Glory Silicon intends to expand its production capacity to more than 1.3 GW by 2009. Meyer Burger shall supply the necessary slicing saws in three phases to help with the biggest part of the capacity expansion. The order comes to a little over CHF 35 million for the first phase and the remainder for the second and third phases. The machines are scheduled for delivery from the 4th quarter of 2007 onwards until late 2009.

Meyer Burger Technology AG (SWX Swiss Exchange: MBTN) announced today that the company has won a major contract for slicing saws from Glory Silicon Energy Co., Ltd, in China. The order consists of three phases. The first phase amounts to just over CHF 35 million, the second and third phases making up the rest. Glory Silicon Energy is planning the new build of a wafer production facility for mono-crystalline silicon wafers that will have a total capacity of approximately 1.3 GW when completed. Meyer Burger’s wire saws shall be used in the entire wafer manufacturing chain for the high-precision slicing of the valuable silicon bricks into thin slices, the so-called wafers, with a thin wire. China is one of the strongest growth markets, and, with this announcement of its success, Meyer Burger underlines its strategy of becoming a world leading system provider of wafer production facilities in the solar industry.

Glory Silicon Energy (Zhenjiang) Co., Ltd, is a newly established company with its production facility in the city of Yangzhong, in the Chinese province of Jiangsu. It was founded by various investors, including the Huantai Corporation. Huantai was one of the first Chinese businesses to get into the production of solar wafers. Since its foundation in 2004 Huantai has been slicing the valuable ingots and wafers with Meyer and Burger wire and band saws. Huantai Corporation is the biggest supplier of crystalline silicon wafers for Suntech Power Holdings Co. Ltd. (NYSE: STP), the largest solar cell manufacturer in China.

“We are proud to be able to support Glory Silicon Energy in its forward-looking major project with our wire saws and our expertise in slicing valuable crystalline silicon” confirmed Peter Pauli, Meyer Burger’s CEO. “The size of this wafer plant sets new standards and we are pleased to be able to actively support Glory Silicon Energy with this successful implementation”.

“As a result of the many years of cooperation, the great experience and the continually good service support from Meyer Burger we are convinced that we have a successful partnership” said Glory Silicon Energy’s Dr. Wang Lua Bao. “In the future too we shall be pleased to work together with Meyer Burger as a reliable partner”.

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

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