News Article
MG AB Precizika Tools Up
3S Modultec to deliver production line for solar panels to Lithuania
With the sale of an integrated manufacturing facility to the company MG AB Precizika, 3S Modultec, a 100% subsidiary of Meyer Burger Technology Ltd, is continuing to expand its activities in Eastern Europe.
The Lithuanian company MG AB Precizika is the first company in Lithuania to set up a local production site for solar panels. With a 38 MW production line from 3S Modultec, the company will manufacture high-quality crystalline solar panels, primarily for the Eastern and Southeastern European market. MG AB Precizika is a scientific industrial joint-stock company and specializes in precision mechanics. The new photovoltaic venture of MG AB Precizika will invest in a new industry in the Lithuanian economy and create new jobs.
The countries of Eastern and Southeastern Europe have great potential for the use of solar energy and the framework conditions for renewable energy have improved in many countries in the region. MG AB Precizika aims to promote environmentally friendly solar energy in the region and is also strongly committed to scientific research in the area of photovoltaics. "We are the first company to manufacture solar panels in Lithuania. With the high-class production equipment from Switzerland, we can manufacture top-quality panels and are very confident that we can open up a good local and regional market," says Dr. Tomas Kovera, CEO of MG AB Precizika.
The 38 MW production line for solar panels will be delivered to Lithuania in the spring. The facility can be upgraded up to 65 MW and was sold together with know-how transfer and a comprehensive training package. MG AB Precizika also benefits from the Fast-Track Certification service that 3S Modultec together with the TÜV Rheinland (German technical inspection association) successfully implements for its customers. With the rapid certification process and a service package tailored specifically to the company, MG AB Precizika will be able to quickly set up production and start supplying panels to customers as early as the beginning of summer.
