Solar supplier receives record order
Meyer Burger won additional orders for wire saws, cropping saws and wafer inspection systems worth more than 250 million Swiss francs million with a customer in Asia, the group said, adding that deliveries were expected throughout 2010 and 2011.
Company spokesman Werner Buchholz said the order was the largest the group has ever received and compared with new orders of 99 million francs in the first half of 2009 and total sales of 455.4 million francs in 2008.
"There is a trend showing that the confidence in the world economy is back," Buchholz said. "Now customers are launching projects they have been thinking about but held back due to the uncertainty from the crisis."
The group with a total market cap of around $1.1 billion said it received an 20 million-franc order from China.
Meyer Burger will be publishing its 2009 results soon.
The group's shares have lost over 4 percent so far this year, though the share price more than doubled last year.
Global solar demand has surged on brisk buying from Germany, helping the industry to recover from a slump in 2009, but some analysts fear the market will drop once incentives in Germany, the world's largest solar market, are pared back.
Related News

Schneider Electric Aids in Notre Dame Restoration
PARIS - Schneider Electric, a global leader in energy management and automation, has played a significant role in the restoration of the Notre Dame Cathedral in Paris following the devastating fire of April 2019. The company has contributed by providing its expertise in electrical systems, ensuring the cathedral’s systems are not only restored but also modernized with energy-efficient solutions. Schneider Electric’s technology has been crucial in rebuilding the cathedral's electrical infrastructure, focusing on safety, sustainability, and preserving the iconic monument for future generations.
The fire, which caused widespread damage to the cathedral’s roof and spire, raised concerns about both the…