KEMET opens new film manufacturing plant in Skopje, Macedonia

KEMET broke ground on this facility in August, 2011 as part of restructuring the company's Film and Electrolytic business. The facility allows for a significant reduction in cost, while increasing total production capability. "Today's opening ceremony for this state-of-the-art manufacturing facility marks a major milestone in the restructuring of our Film and Electrolytic business," stated Per Loof, CEO, KEMET. "This facility showcases our resolve in providing quality components to the marketplace and, at the same time, our commitment to our shareholders to operate within a cost structure that allows us to be profitable." Among those attending the opening ceremony, which took place at the KEMET Electronics Macedonia site were luminaries Paul Wohlers, United States Ambassador to the Republic of Macedonia, Nikola Gruevski, Prime Minister of the Republic of Macedonia, Vladimir Peshevski, Deputy Prime Minister for Economic Affairs, and Zoran Stavreski, Deputy Prime Minister and Minister of Finance. "We could not be more excited about the capabilities this plant will deliver to our Film business. The people of Macedonia have provided tremendous support and proven to be a true partner in this endeavor," said Chuck Meeks, KEMET's executive VP, Ceramic, Film and Electrolytic Business Group. The Macedonia's new Film plant is an 11,200 sq. meter facility featuring 8,600 sq. meters of manufacturing, 2,000 sq. meters of administrative space, and 600 sq. meters of utility area. Construction on the facility was completed in August 2012 for a total investment by KEMET of €15M. KEMET