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Kemet Electronics Opens Second Plant

Kemet Group, world-famous manufacturer of capacitors (types of tantalum, ceramic, and organic) held an opening ceremony for the second plant of kemet Electronics (Suzhou) Co., Ltd. in SIP on May 19, attended by Wang Jinhua, Deputy Secretary of Municipal Party Committee, Ma Minglong, Director of Sipac, Per Loof, CEO of Kemet Group, David Gable, CFO of Kemet Group, and other VIPs and senior managers of the company.

Kemet Electronics (Suzhou) Co., Ltd. was established in 2003, and in a matter of 3 years, the company has gone through various stages of development, from registration and construction of plant, to investment increase, expansion of plant, and increase of production capacity. Mr. Per Loof, CEO of Kemet Group, said that the success of kemet in Suzhou would lead to the construction of a third plant in SIP, and that the group was planning to shift 50% of its global manufacturing capacity to China. By creating a miracle in SIP, Kemet has set an example for foreign-invested enterprises in availing themselves with the fast-growing Chinese economy.

May 22, 2006

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