Meyer Burger reaches agreement with Ecosolifer

Meyer Burger Technology Ltd and Ecosolifer Ltd reached an agreement regarding a project from 2015. According to the company, the 2015 contract included the delivery of a heterojunction cell line for the manufacturing plant in Csorna, Hungary. Ecosolifer had temporarily suspended the project. The equipment had to be stored by Meyer Burger for a longer period of time.
After resumption of the project, the equipment was put into operation and has now been finally accepted by Ecosolifer as part of a settlement agreement. Meyer Burger will continue to provide services to Ecosolifer. Meyer Burger is taking an impairment charge on the 2015 equipment for 2020, resulting in a net loss. The company had announced some time ago that it would enter solar cell and module production itself.

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