KEMET Publishes First Corporate Sustainability Report
Details of sustainability efforts underline KEMET’s dedication to the environment and its people
FORT LAUDERDALE, Fla., April 16, 2019 (GLOBE NEWSWIRE) -- KEMET Corporation (“KEMET” or the “Company”) (NYSE: KEM), a leading global supplier of electronic components, has published its first Corporate Sustainability Report (CSR), outlining its commitment towards the environment, its employees, and the communities within which it operates. Sustainability has been a large part of KEMET’s culture for many years and the new report demonstrates to all stakeholders the company’s policy of conducting business in a responsible way.
Sustainability is integrated throughout KEMET’s global operations, and the electronics component supplier has implemented programs worldwide in support of its policy. The report highlights these programs, which includes the Responsible Business Alliance Code of Conduct, a world class conflict minerals program, as well as yearly submissions of data to the Carbon Disclosure Project to name a few.
“KEMET marks 100 years in business in 2019 and our long history includes many industry leading sustainability initiatives that we proudly detail in our first CSR,” said William M. Lowe, Jr., KEMET Chief Executive Officer. “One of the many reasons we are proud of KEMET is how dedicated our employees are in designing, innovating, and making the world’s best electronic components in a way that honors our commitment to being responsible global citizens. This drive and commitment to our values by our employees is what helped launch KEMET a century ago and has propelled us to be one of the leading global suppliers of electronic components today.”
KEMET has grown dramatically over the last century and now has 16,000 employees and 23 manufacturing locations worldwide, with revenues of over $1.3 billion. In the last fiscal year ending in March 2019, the Company shipped approximately 51 billion components to 188 countries. To learn more about KEMET and our sustainability program, download the full report at www.kemet.com.
KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. The Company’s common stock is listed on the NYSE under the symbol “KEM.” Additional information about KEMET can be found at 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.
Certain risks and uncertainties that could cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements are described in the Company’s reports and filings with the Securities and Exchange Commission.
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