Crisis in solar industry: Insolvency administrator: Potential investors for Meyer Burger

To save the solar module manufacturer Meyer Burger after the bankruptcy application for works in Saxony-Anhalt and Saxony, the company is currently negotiating with potential investors. The preliminary insolvency administrator Lucas Flöther told the German press agency: “The response to the investor process is good, there are a number of interested parties with whom we are currently negotiating.”

At the end of May, the Swiss company in Thun announced that a good 600 employees were applied for for the German subsidiaries. Short -time work had already been introduced. In addition, only the solar glass manufacturer Glass Manufaktur Brandenburg in Lausitz recently submitted an bankruptcy application.

The solar industry in Germany is particularly in crisis when producing solar modules. European companies cannot prevail against cheap competition from China.

Refurbishment opportunities “significantly improved”

The specialist lawyer said about the opportunities for a renovation in view of the battered solar industry: “This crisis is of course real.” However, two things have to be taken into account: “Meyer Burger has excellent products, excellent know-how and state-of-the-art production.” The bankruptcy now offers investors the opportunity to take over the operation without old liabilities. “In this respect, the bankruptcy proceedings have improved the renovation opportunities considerably.”

Wages and salaries secured by the end of August

Production calm straight. But the wages and salaries of the employees at the Bitterfeld-Wolfen location (Meyer Burger Industries) and Hohenstein-Ernstthal (Meyer Burger Germany) are secured by the bankruptcy money by the end of August, said Flöther. “We want to use this period to advance the investor process. How it will go on depends on whether there is an investor by then and what concept it is pursuing.”