Meyer Burger Aims to Triple Sales, Hirschi Says BusinessWeek

29.04.10

(Adds closing share price in seventh paragraph.)

By Antonio Ligi

April 29 (Bloomberg) -- Meyer Burger Technology AG, a Swiss maker of saws to slice silicon wafers, aims to triple sales in five years to about 1.5 billion Swiss francs ($1.4 billion) as demand recovers and solar panel makers increase productivity.

“Signs are certainly promising,” Chief Financial Officer Michel Hirschi said in a telephone interview on April 23. “We are running at full capacity. We are even increasing the number of machines produced.”

Sales will rise this year “if everything goes according to plan,” he said. An acquisition and orders worth 250 million francs in March from an unidentified Asian customer helped lift the order backlog to more than 900 million francs from 516.4 million francs at the end of December.

Demand for solar power products dropped last year as the global economic slump made it harder for renewable-energy investors to raise funds. Global sales of solar panels will almost double this year as developers rush to install systems before governments reduce incentives, industry publisher Isuppli said this month.

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