Despite the insolvency applications, the German subsidiaries of solar manufacturer Meyer Burger are to continue their business operations for the time being. "It is our aim to continue both companies throughout the provisional proceedings," said Lucas Flöther, the provisional insolvency administrator of the technology site Meyer Burger (Germany) GmbH in Hohenstein-Ernstthal near Chemnitz. The sister company, the solar cell production Meyer Burger (Industries) GmbH with sites in Bitterfeld-Wolfen and Hohenstein-Ernstthal, will be managed by the provisional insolvency administrator Reinhard Klose.
Opportunities through sale without legacy burdens
An investor solution is seen as a possible way forward. Although such attempts had already failed beforehand, the administrators see better opportunities in insolvency proceedings. One advantage is that buyers could take over the business operations "without legacy burdens".
Meyer Burger has been suffering from a deteriorating market environment for some time, particularly due to growing competitive pressure from suppliers from China. With no investor solution in sight in the short term, the management teams of the two German companies filed for insolvency at Chemnitz Local Court.
Copyright 2025, dpa (www.dpa.de). All rights reserved
