Meyer Burger Raises 230 Million Euros in Convertible Bond for Production Expansion

Hohenstein-Ernstthal (dpa) – The solar manufacturer Meyer Burger is collecting more money to expand its production. The Swiss company with production sites in Saxony and Saxony-Anhalt announced a convertible bond for 230 million euros on Wednesday. It will be issued via the German subsidiary MBT Systems, it said in a statement.

The aim is to boost the next growth phase, especially with a view to the new production facility in the US state of Arizona. The proceeds are to be used to finance material and systems as well as the ramp-up of module and solar cell production, explained CEO Gunter Erfurt. Last autumn, Meyer Burger raised 250 million Swiss francs (254 million euros) in a capital increase to shoulder the accelerated expansion.

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