Meyer Burger in the red as PV production kit sales slump

Switzerland’s Meyer Burger has unveiled its first loss since going public in 2006, as makers of PV production equipment struggle to ride out an overcapacity storm that is expected to continue for at least another year.

Meyer Burger – the world’s second largest supplier of machines used to make PV components since its acquisition of Roth & Rau last year – released grim figures for the first half of 2012, which it says were nevertheless “in line with expectations”.

Meyer Burger describes an “extremely tense situation” across the global PV manufacturing sector, with few companies aside from a handful in Taiwan and Japan in a position to order up any new production equipment.

The loss in earnings at the group level was SFr34.2m ($35m), compared to a profit of…

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