Leybold Optics: Closing of Dresden site

Bühler has decided to shut down the Dresden site of Leybold Optics after the sale of the photovoltaics business to a Chinese investor could not be completed as contractually agreed.

The service business for all systems produced in Dresden will continue to be ensured.   

After Bühler had consolidated all activities related to photovoltaics production equipment under Leybold Optics Dresden GmbH in the first half-year of 2013, the contractually agreed second step in the sale of Leybold Optics Dresden GmbH to a Chinese group of companies could not be finalized. This investor had planned an integrated business model for the photovoltaics activities acquired up to the building of entire photovoltaic power plants.

Due to the unfavorable market prospects for production equipment in the field of thin-film photovoltaics, the Dresden-based affiliate Leybold Optics Dresden GmbH will be closed at the end of the first quarter of 2014. This measure affects some 90 employees of the Photovoltaics unit in Dresden and Alzenau. A suitable solution will be established in the course of the closure in order to maintain Customer Service.

About Leybold Optics

Leybold Optics, a business unit of the Advanced Materials division of Bühler, is a leading producer of thin-film production systems and process technologies, with applications in market segments such as Optics, Automotive, Packaging, and Architectural Glass. Leybold Optics operates worldwide and generated sales (turnover) of CHF 195 million in fiscal 2012. About Bühler

Bühler is a global leader in the field of process engineering, in particular production technologies and services for producing foods and manufacturing advanced materials. Bühler operates in over 140 countries and has a global payroll of over 10,000. In fiscal 2012, Bühler Group generated sales (turnover) of CHF 2,409 million.

Contact for media: Corina Atzli, Head Corporate Communications, Bühler AG, 9240 Uzwil, Switzerland Phone +41 71 955 33 99, Fax +41 71 955 38 51, E-mail media@buhlergroup.com

600450 Leybold Optics: Closing of Dresden site glassonweb.com
Date: 24 November 2014
Source: Leybold Optics

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