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KEMET Adopts the Electronic Industry Code of Conduct

Posted on: Thursday, 11 December 2008, 08:00 CST

GREENVILLE, S.C., Dec. 11 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE: KEM) has announced today that it has officially adopted the Electronic Industry Code of Conduct (EICC).

The EICC is a comprehensive code of conduct that addresses all aspects of corporate responsibility including labor, health and safety, the environment, and business ethics. It outlines standards to ensure working conditions in the electronic industry supply chain are safe, that workers are treated with respect and dignity, and that manufacturing processes are environmentally friendly.

"KEMET's Guiding Principles support a strong commitment to economic, environmental, and socially sustainable development of our products. As a result of this commitment, KEMET has adopted the Electronic Industry Code of Conduct," stated Per Loof, KEMET's Chief Executive Officer. "KEMET strongly believes that it is in the mutual interest of our employees, our customers, and our suppliers to meet the present and future requirements of the markets and society. This is done by demonstrating responsibility toward the people taking part in the manufacture of products and services that make KEMET a global leader within our industry. Therefore, KEMET is requiring compliance with the EICC of all of its employees and organizations as well as all of its suppliers."

As part of the adoption of the EICC, KEMET is developing a comprehensive corporate policy to address the core topics of the EICC, is establishing a process for flow-down to suppliers, and has started to communicate the adoption of the Code internally throughout KEMET and externally to their supply base and customers.

KEMET Corporation (KEM) applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. 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 security laws about KEMET Corporation (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, availability, sourcing and pricing of raw materials, pressures on sales prices and volumes due to competition and economic conditions, reliance on and financial viability of significant customers, operating performance of joint ventures, alliances and other equity investments, technological advancements, employee relations, changes in construction spending, capital expenditures and long-term investments (including those related to unforeseen acquisition opportunities), continued availability of financial resources through financing arrangements and operations, outcomes of pending or threatened legal proceedings, negotiation of new or modifications of existing contracts for asset management and for property and equipment construction and acquisition, regulations governing tax laws, other governmental and authoritative bodies' policies and legislation, and proceeds received from the sale of assets held for disposal. In addition to these representative factors, forward-looking statements could be impacted by general domestic and international economic and industry conditions in the markets where the Company competes, such as changes in currency exchange rates, interest and inflation rates, recession and other economic and political factors over which the Company has no control. Other risks and uncertainties may be described from time to time in the Company's other reports and filings with the Securities and Exchange Commission.

SOURCE KEMET Corporation

Source: PR Newswire

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