KEMET Holds Grand Opening for New Manufacturing Plant in Macedonia

KEMET Corporation

, a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, today announced the grand opening of its new Film facility in Skopje, Republic of Macedonia. KEMET broke ground on this facility in August of 2011 as part of the company's restructuring of its Film and Electrolytic business. The facility will allow for a significant reduction in cost while increasing total production capability. "Today's opening ceremony for this state-of-the-art manufacturing facility marks a major milestone in the restructuring of our Film and Electrolytic business," stated Per Loof, Chief Executive Officer of KEMET. "This facility showcases our resolve in providing quality components to the marketplace and, at the same time, our commitment to our shareholders to operate within a cost structure that allows us to be profitable," continued Loof. Among those attending the opening ceremony, which took place at the KEMET Electronics Macedonia site at 1:00pm CET, were luminaries Paul Wohlers, United States Ambassador to the Republic of Macedonia, Nikola Gruevski, Prime Minister of the Republic of Macedonia, Vladimir Peshevski, Deputy Prime Minister for Economic Affairs, and Zoran Stavreski, Deputy Prime Minister and Minister of Finance. Ambassador Wohlers, Prime Minister Gruevski and Deputy Prime Minister Peshevski addressed the guests and joined Mr. Loof in the ceremonial ribbon cutting. "We could not be more excited about the capabilities this plant will deliver to our Film business. The people of Macedonia have provided tremendous support and proven to be a true partner in this endeavor," stated Chuck Meeks, KEMET's Executive Vice President, Ceramic, Film and Electrolytic Business Group.