Meyer Burger sees another bruising year ahead

Switzerland’s Meyer Burger undercut the “initial signs of a market recovery” it sees by forecasting another nasty sales drop this year, with its PV manufacturing customers in no shape to invest in new production equipment any time soon.

Meyer Burger, among the world’s leading PV toolmakers, turned in a 2012 operating loss of CHf135.4m ($143.4m), compared to a surplus of CHf116.7m the year prior.

Revenues plummeted from CHf1.32bn in 2011 to CHf645.2m last year – and the company predicts sales of just CHf400m in 2013.

Sharp as Meyer Burger’s 2012 sales decline was, however, it was proportionately less severe than across the broader PV production-equipment sector, which includes rivals like Centrotherm, Applied Materials and GT Advanced.

Industry-wide revenues for PV toolmakers fell to $3.6bn last year from a record-high $12.9bn Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine