Overview
- Insolvency administrator Lucas Flöther confirmed that Frank Asbeck repurchased the Solarworld brand from the Meyer Burger (Germany) GmbH estate.
- The purchase price was kept confidential, though the administrator described the proceeds as a significant amount for creditors.
- Talks with potential investors continue, yet the administrator warned that the window for a rescue is closing.
- Operations at Meyer Burger’s German plants were halted on September 1 and most employees were released, affecting about 600 people.
- Earlier workforce cuts included roughly 300 dismissals in the United States and most of the remaining 45 staff in Switzerland, with management citing pressure from low-priced Chinese imports and policy uncertainty in major markets.