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KEMET to Participate in OECD Conflict Minerals Due Diligence Guidance Pilot Implementation

Submitted by: KEMET Corporation

Categories: Fair Trade & Supply Chain, Corporate Social Responsibility

Posted: Oct 10, 2011 – 05:03 PM EST

 

GREENVILLE, S.C., Oct. 10 /CSRwire/ - /PRNewswire/ - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced it has volunteered to participate in the pilot implementation phase of the Organization for Economic Cooperation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. The pilot is intended to assist with the implementation of the OECD Guidance and its Supplement on Tin, Tantalum and Tungsten, as well as share information and discern best practices, tools and methodologies for performing due diligence.

Dr. Daniel Persico, Vice President of Strategic Marketing & Business Development, stated: "As one of the global leaders in the processing of tantalum, we have an obligation to show the industry that we are committed to the responsible use of this key raw material. By participating in the pilot, we will have the opportunity to "learn by doing" in a peer learning process that will help us overcome challenges, and meet reporting obligations as well as the expectations of customers, regulators and the public at large."

This pilot is another proactive step being taken by KEMET to help insure that all materials entering our supply chain are indeed conflict free; it is also an important piece of the broader KEMET program aimed at supporting people on the ground in the Democratic Republic of the Congo (DRC), increasing the supply of raw materials and stabilizing the industry for the long term. Over 50 companies, both upstream and downstream, have volunteered to participate in this pilot.

About KEMET
KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our website at http://www.KEMET.com/IR, 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.

For more information, please contact:

Dean W. Dimke Director of Corporate and Investor Communications
Phone: 954.766.2806

 

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