Meyer Burger in the crisis: bankruptcy applications and disused production!
Meyer Burger in the crisis: bankruptcy applications and disused production!
Thalheim, Deutschland - Meyer Burger Technologie AG, the Swiss manufacturer of solar modules, is in serious difficulties. On July 24, 2025, the company reported that it has stopped solar modules in Goodyear, Arizona. As a result, 282 employees have lost their job. The reasons for this drastic decision are a lack of financial resources and the termination of a contract with D.E. Shaw Renewable Investments. Meyer Burger does not look much better in Germany either: The subsidiaries in Thalheim and Hohenstein-Ernstthal applied for bankruptcy protection at the end of May 2025, which are concerned with around 600 jobs. Surprisingly, however, the parent company in Thun is not affected by these bankruptcy proceedings, so that the main centers can continue to operate. The observers' attention is now aimed at whether Meyer Burger can get the curve.
In the middle of this turbulence, there was also the first positive response from Germany, but the setbacks on the stock exchange did not fail to materialize. Meyer Burger's share has lost considerably in value - a sign of massive price pressure and the strong competition from Asia, which makes life difficult for the European solar industry. In order to counteract this, Meyer Burger voluntarily applied for insolvency protection according to Chapter 11 in the USA on June 25, 2025. The goal? A fundamental restructuring to reduce financial burdens.
attempts at restructuring under pressure
In the context of this bankruptcy proceedings, Meyer Burger tries to restructure up to $ 1 billion in the amount of $ 1 billion. The focus is on discussions with the ad hoc loan loan group. As the Industry Magazin already reported in January and February 2025 to delay the interest payments. In order to secure the liquidity, bridge financing was also agreed by around $ 59.5 million in December 2024.Meyer Burger also thinks about capital increases and checks the possible sale of individual business areas to get fresh money into the cash register. The Situation is tense, especially due to the ongoing pressure, which Asian imports exercise on prices. The possibility of offering investors to take over without old liabilities could further improve the renovation opportunities. Industry experts point out that the insolvency proceedings offer a framework for the optimization of costs and the closure of unprofitable systems.
how is it going?
It remains unclear whether the restructuring started will be sufficient to keep the operational units such as cell production in Germany or the US plant in Arizona in the long term. The special technologies, such as heterojunction technology, are on the brink. However, the know -how could be crucial for a possible future of the company, which, as one of the last European manufacturers of state -of -the -art solar cells and modules, would like to position itself. Overall, the situation of Meyer Burger shows how challenging the situation for companies in the solar industry is in the current market situation.
The upcoming publication of the annual report 2024 was postponed to the end of July 2025, which also increases uncertainty. Meyer Burger is heading for restless waters, and the next few months will show whether the company has a good hand to master this crisis and claim its place in the industry.
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| Ort | Thalheim, Deutschland |
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