According to foreign media reports, on September 1, the bankruptcy proceedings of Meyer Burger Germany, a German subsidiary of Meyer Burger, a Swiss solar module manufacturer, were officially launched. The Chemnitz Regional Court in Germany has appointed an insolvency administrator for the company. At the end of May
this year, Meyerberg announced that its two German subsidiaries, Meyerberg Industries and Meyerberg Germany, had filed for bankruptcy proceedings due to the breakdown of the capital chain.
Earlier, on August 26, the bankruptcy administrator of Meyer Burger (Industries) GmbH declared that the company's assets were insufficient to pay its debts. The company entered formal bankruptcy proceedings on August 1. According to the bankruptcy administrator of Meyerberg Industries, he is still looking for an investor solution and is also in talks with potential investors.
Overall, the bankruptcy proceedings for the two Meyerberg subsidiaries have affected about 620 employees .