KEMET to Manufacture Standard DC Film Capacitors at Its Monterrey, Mexico Guadalupe Campus
GREENVILLE, S.C., Nov. 11 /PRNewswire-FirstCall/ -- KEMET Corporation (OTC Bulletin Board: KEME), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, today announced that the Company is preparing its Monterrey, Mexico Guadalupe Campus to manufacture standard DC Film capacitors.
"This is the first of many steps that we will be taking to restructure this Business Group to lower our manufacturing cost through moving production to lower cost centers and leaning out any waste within production," stated Per Loof, KEMET's Chief Executive Officer. "There are great opportunities for our Film and Electrolytic Business Group in the Americas. We are seeing real growth in many of the markets for which these products are used, such as Alternative Energy. Additionally, this move positions us closer to the growing Americas customer markets allowing us to work in partnership on the design-in phase of projects which is so important with these technologies," continued Loof.
This new manufacturing capability in North America is in addition to the Department of Energy grant the Company has previously announced receiving to support new Power Film and Electrolytic manufacturing capabilities at its Simpsonville, South Carolina campus. It is expected that equipment will be transferred to Monterrey over the December holiday period with production beginning 90-120 days later.
"As a result of the utilization of LEAN manufacturing techniques, the Ceramic Business Group has been able to reduce the amount of required floor space to support Ceramic operations in the Guadalupe Campus by fifty percent," stated Kirk Shockley, Vice President, KEMET Film and Electrolytic Business Group. "This move will allow the Film & Electrolytic Business Group to support our current and future customers for Standard Film Products in the Americas Region through improved logistical responsiveness. Additionally, we will see reduced manufacturing cost through the synergies of producing in a lower cost environment and sharing infrastructure costs," added Shockley.
About KEMET
KEMET Corporation (KEME.OB) 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. Additional information about KEMET can be found at http://www.kemet.com/.
