L R AS Published on Sunday 5 December 2021 - n° 385 - Categories:company results
Despite its current difficulties, Meyer Burger is benefiting from a very favourable environment
Meyer Burger has to reduce production capacity in one of its German plants because of the above-average absence of personnel due to covid. One of its two production lines in Freiberg (Saxony) remains operational.
This reduction in activity is to last until the end of January 2022. The company said that this would have a minor effect on the small number of confirmed orders. Turnover for the first half of the year was €18m
The company announced a price increase in 2022 and said it had 30 distributors.
Despite the disruption, Meyer Burger said its order intake continues to develop positively, resulting in a growing order book. Production capacity at the Freiberg plant is temporarily limited due to the work required for the planned 1 GW expansion. It expects to benefit from the new German government's solar development plan as well as political support for solar in the US, where the company wants to set up a 400 MW plant in 2022
https://www.pv-tech.org/meyer-burger-cuts-solar-module-output-at-german-plant-due-to-covid-19/
PV Tech of 3 December 2021
Editor's note: Finally, Meyer Burger is very lucky. In normal times (before covid) Chinese manufacturers would have done everything they could to prevent a dangerous competitor from entering the market (by lowering their prices, attracting potential buyers, blackmailing their customers). For the past year, manufacturers have been busy sourcing the cheapest supplies, dealing with internal problems, managing deliveries and suffering higher freight prices. They can do less with this "newcomer". Even if the newcomer does not have full freedom to source, the shortage of panels provides him with customers. He has time to increase his production capacity from 0.4 to 1 GW. So the more time passes, the more Meyer Burger becomes established in the landscape.
