Meyer Burger awarded further contract for around CHF 15 million from an existing customer for the industry-leading MB PERC cell upgrade technology.
Meyer Burger Technology Ltd decided to discontinue the proprietary wire production for diamond wire at Diamond Materials Tech Inc. The decision will lead to a workforce reduction of 72 employees.
Meyer Burger Technology AG has been awarded further orders from Asia for the delivery, installation and commissioning of the MAiA 2.1 technology platform as well as SiNA cell coating systems.
Meyer Burger announced that in conjunction with the ordinary capital increase Brustorm SA will purchase up to 16 million unsubscribed shares for an amount of CHF 5.76 million ($5.71 million).
Meyer Burger Technology AG announced workforce reduction by 250 positions by the end of 2016. About one third of the reductions will occur in Switzerland, mainly at the site in Thun.