About Kemet Electronics Corp. From http://www.kemet.com
KEMET Corporation which together with its subsidiaries is a leading manufacturer of tantalum capacitors, multilayer ceramic capacitors ("MLCC") and solid aluminum capacitors. The company’s strategy is to be the preferred capacitor supplier at each of the world’s most successful electronics companies. KEMET is headquartered in Greenville, South Carolina, with manufacturing facilities located in the southeastern United States and Mexico and distribution centers located in the United States, Europe, Hong Kong, Singapore, and Mexico. KEMET common stock is traded on the New York Stock Exchange (NYSE) under the symbol “KEM.”
Sales: Under $1 Mil Employees: 1000+ Activity: Manufacturer Certification: ISO 9002
News & Press Releases
October 7, 2008 —
KEMET Enters into Agreement for New Credit Facility
Greenville, South Carolina (September 29, 2008) - KEMET Corporation (NYSE:KEM) today announced that it has entered into a new medium-term credit facility in the principal amount of EUR 60.0 million (Facility A) and received a commitment for a EUR 35.0 million credit facility (Facility B) with UniCredit Corporate Banking S.p.A. ("UniCredit"), a financial institution headquartered in Italy and part of the Milan-based UniCredit Group. These two facilities replace a EUR 95.0 million credit...
October 7, 2008 —
Kemet Awarded Certificates of Registration to the Aerospace Quality Standard AS9100
Greenville, South Carolina (October 1, 2008) - KEMET Corporation today announced that their Tantalum and Ceramics manufacturing operations have been awarded Certificates of Registration to the Aerospace Quality Standard AS9100. Registration is rapidly becoming a prerequisite for aerospace customers and the certificate will reduce the need for numerous customer audits.
September 26, 2008 —
KEMET Announces Prepayment of Senior Notes
GREENVILLE, S.C. September 19, 2008 - KEMET Corporation (NYSE:KEM) today announced that it has prepaid its obligations under its 6.66% Senior Notes, including the outstanding principal balance of $40.0 million, together with all accrued interest. The Company had been, and was at the time of the prepayment, in compliance with all the financial covenants under the Senior Notes.
September 22, 2008 —
KEMET Announces New Leadership Position: Senior Vice President, Operational Excellence and Quality
GREENVILLE, S.C., September 16, 2008 - KEMET Corporation (NYSE: KEM) announced today that Robert Argüelles joined KEMET on Monday, September 8, as Senior Vice President, Operational Excellence and Quality. Argüelles will lead all supply chain function activities, which include Procurement, Shipping and Logistics. In addition, he will lead the Information Services Group and the Corporate Quality function, and will coordinate Lean Manufacturing activities.
September 18, 2008 —
KEMET Announces the Sale of Its Wet Tantalum Assets
GREENVILLE, S.C. September 15, 2008 - KEMET Corporation (NYSE:KEM) today announced that it has sold its Wet Tantalum assets to a wholly-owned subsidiary of Vishay Intertechnology, Inc. (NYSE:VSH) for $35.2 million and other consideration in the form of a three-year term loan of $15 million.
September 2, 2008 —
KEMET Announces Amendment to Senior Notes
GREENVILLE, S.C., August 25, 2008 - KEMET Corporation today announced that it has entered into a second amendment with the holders of its 6.66% Senior Notes. The second amendment extends the reduced consolidated minimum net worth required to be in compliance with the terms of the Senior Notes through September 30, 2008.
July 25, 2008 —
KEMET Announces New Director of Investor Relations
GREENVILLE, S.C. (July 21, 2008) - KEMET Corporation (NYSE:KEM) announced today that Mr. Dean W. Dimke, currently Director of Corporate and Marketing Communications for KEMET, will assume the additional responsibilities of Investor Relations effective immediately. His new title will be Director of Corporate and Investor Communications. Dean will continue to report to Dr. Daniel Persico, VP, Strategic Marketing & Business Development; however, he will also work very closely with Per Loof, Chief...
July 18, 2008 —
KEMET Announces New EVP and CFO
GREENVILLE, S.C. (July 14, 2008) - KEMET Corporation (NYSE:KEM) announced today that Mr. William Lowe, Jr., will be joining KEMET on Monday, July 14, 2008, as Executive Vice President and Chief Financial Officer. Mr. Lowe will be replacing David Gable, who announced his intention to resign earlier this year. Mr. Gable will be assisting in the transition through the end of the month.