Meyer Burger Technology AG / CH0108503795
29.05.2025 - 22:09:35Meyer Burger shuts down solar module production and lays off 282 employees in the U.S.
| Meyer Burger Technology AG / Key word(s): Strategic Company Decision 29-May-2025 / 22:09 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR Thun, Switzerland – May 29, 2025 Meyer Burger shuts down solar module production and lays off 282 employees in the U.S. Meyer Burger Technology AG is forced to stop its solar module production in the U.S., which is still ramping up, due to a lack of funds. Today (May 29, 2025), all 282 remaining employees at the Goodyear, AZ, site received their notices of termination. Production with an annual capacity of 1.4 gigawatts was shut down immediately. The future of the site is uncertain. Meyer Burger is still in talks with an Ad hoc group of bondholders about restructuring. This affects two convertible bonds issued by MBT Systems GmbH, guaranteed by Meyer Burger Technology AG, and due in 2027 and 2029. Meyer Burger will provide further information as soon as more details are available. Media contact Meyer Burger Technology AG Anne Schneider Head Corporate Communications M. +49 174 349 17 90 anne.schneider@meyerburger.com End of Inside Information |
| Language: | English |
| Company: | Meyer Burger Technology AG |
| Schorenstrasse 39 | |
| 3645 Gwatt | |
| Switzerland | |
| Phone: | +41 033 221 28 00 |
| E-mail: | mbtinfo@meyerburger.com |
| Internet: | www.meyerburger.com |
| ISIN: | CH0108503795 |
| Valor: | A0YJZX |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2147862 |
| End of Announcement | EQS News Service |
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