KEMET Not Impacted by Closing of Global Advanced Metals
Wodgina, Australia Tantalum Mine
Greenville, South Carolina (February 9, 2012) - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that there will be no negative impact on the Company's tantalum powder supply as a result of the recent closing of Global Advanced Metals' Wodgina, Australia tantalum mine.
KEMET has strategically diversified its raw material sources
in an effort to prevent any one supplier from causing
disruption to the Company's supply chain. Additionally,
KEMET's recent agreement to acquire Niotan, a tantalum powder
manufacturer in Nevada, USA, solidifies the Company's efforts
to bring stability in this market. By achieving complete
vertical integration from the sourcing of tantalum ore
through the manufacture and sale of tantalum capacitors,
KEMET is exhibiting its long-term commitment to this
technology and its customers.
"Our recent agreement to acquire Niotan further assures our
customers of our commitment and ability to be the most
reliable supplier of tantalum capacitors, now and in the
future," said Dr. Daniel Persico, KEMET's Vice President of
Strategic Marketing and Business Development.
About KEMET
KEMET's common stock is listed on the NYSE under the symbol
"KEM." At the Investor Relations section of our web site at
http://ir.kemet.com, users
may subscribe to KEMET news releases and find additional
information about our Company. KEMET applies world class
service and quality to deliver industry leading, high
performance capacitance solutions to its customers around the
world and offers the world's most complete line of surface
mount and through-hole capacitor technologies across
tantalum, ceramic, film, aluminum, electrolytic, and paper
dielectrics. Additional information about KEMET can be found
at http://www.kemet.com.
Cautionary Statement on Forward-Looking Statements
Certain statements included herein contain forward-looking
statements within the meaning of federal securities laws
about KEMET Corporation's (the "Company") financial
condition and results of operations that are based on
management's current expectations, estimates and
projections about the markets in which the Company operates,
as well as management's beliefs and assumptions. Words
such as "expects," "anticipates,"
"believes," "estimates," variations of
such words and other similar expressions are intended to
identify such forward-looking statements. These statements
are not guarantees of future performance and involve certain
risks, uncertainties and assumptions, which are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in, or
implied by, such forward-looking statements. Readers are
cautioned not to place undue reliance on these
forward-looking statements, which reflect management's
judgment only as of the date hereof. The Company undertakes
no obligation to update publicly any of these forward-looking
statements to reflect new information, future events or
otherwise.
Factors that may cause actual outcome and results to differ
materially from those expressed in, or implied by, these
forward-looking statements include, but are not necessarily
limited to, generally adverse economic and industry
conditions, including a decline in demand for the Company's
products. Other risks and uncertainties may be described from
time to time in the Company's reports and filings with the
Securities and Exchange Commission.
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Contact: |
William M. Lowe, Jr. Executive Vice President and Chief Financial Officer williamlowe@KEMET.com 864-963-6484 |
Dean W. Dimke Director of Corporate and Investor Communication deandimke@kemet.com 954-766-2806 | |
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