GREENVILLE, SC – December 11, 2008 – 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/ .