Ceramic Industry News

KEMET to Receive ARRA Grant (posted 8/18/09)

August 18, 2009
/ Print / Reprints /
ShareMore
/ Text Size+

KEMET Corp. has been selected as one of 30 companies to receive a grant from the Department of Energy for a project that is expected to create over 110 new jobs in South Carolina. The award will enable the company to produce film and electrolytic capacitors within the U.S. to support alternative energy products and emerging green technologies such as hybrid electric drive vehicles. KEMET is receiving a grant for $15.1 million and is one of only two capacitor manufacturers in the group to receive an award.

“The President of the United States announced today the funding of $2.4 billion in grants to accelerate the manufacturing and development of the next generation of U.S. batteries and electric vehicles,” said Per Loof, KEMET’s CEO. “KEMET was notified today by the Department of Energy that our company was chosen to receive a Department of Energy Recovery Act Grant. We are pleased to be part of this distinguished group of businesses to receive a grant and we are confident that we are well-positioned to move forward with our plans to build manufacturing capability at our headquarters in Simpsonville, SC.

“This added capacity will enable KEMET to produce the capacitors that are needed in the U.S. to support the development of green technologies and alternative energy. As we already have the physical facility, the grant will be supporting the purchase of the actual manufacturing equipment, giving us the opportunity to bring capacity online in a matter of months. This is truly a win-win-win opportunity, as it creates jobs, helps the environment and benefits our shareholders.”

“The grant will provide the required resources for KEMET to increase capacity in the U.S. for DC bus capacitors, which reduces the supply chain risk that electric drive vehicle manufacturers face with the current dependence on offshore or non-USA suppliers for this key subcomponent,” said Daniel Persico, Ph.D., KEMET's vice president of Strategic Marketing and Business Development. “The investment in domestic expertise in this area is an important step in developing the U.S. as the leader in the electric vehicle drive subcomponent field for the foreseeable future.”

Visit www.kemet.com for more information.

Links

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40