Published by Global Banking & Finance Review®
Posted on June 25, 2025
1 min readLast updated: January 23, 2026
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Meyer Burger has filed for Chapter 11 bankruptcy in the US due to financial struggles from competing with cheaper Asian imports, leading to the shutdown of its Arizona factory.
ZURICH (Reuters) -Swiss company Meyer Burger has filed for voluntary Chapter 11 bankruptcy relief in the United States, the solar panel manufacturer said in a court filing on Wednesday.
Meyer Burger's operations in both Europe and the United States have struggled to compete with cheaper products imported from Asia, piling pressure on the company.
Late last month the firm announced it was shutting down its U.S. factory in Arizona due to financial difficulties, and soon afterwards filed for insolvency for its German subsidiaries.
In its U.S. court filing, Meyer Burger listed it had estimated assets worth between $100 million and $500 million and liabilities worth between $500 million and $1 billion.
(Reporting by Gnaneshwar Rajan in Bengaluru; Writing by Dave Graham)
Meyer Burger filed for voluntary Chapter 11 bankruptcy relief due to financial difficulties and struggles to compete with cheaper products imported from Asia.
In its U.S. court filing, Meyer Burger listed estimated assets worth between $100 million and $500 million and liabilities worth between $500 million and $1 billion.
Before filing for bankruptcy, Meyer Burger announced the shutdown of its U.S. factory in Arizona and filed for insolvency for its German subsidiaries.
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