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Greenville, South Carolina (July 31, 2003) - KEMET Corporation (NYSE:KEM) today announced it was awarded a Partners in Performance award for 2002 by Celestica, a world leader in electronics manufacturing services (EMS).

“KEMET is pleased to be recognized by an industry leader like Celestica,” says Dr. Jeffrey Graves, President and CEO of KEMET Corporation. “This award is another indication of KEMET’s position as a market leader in the passive components industry.”

Celestica's Partners in Performance awards are given to suppliers in recognition of outstanding achievements and support of Celestica’s electronics manufacturing services goals. Suppliers are recognized for their ability to support Celestica’s supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance.

“KEMET’s flexibility and responsiveness to Celestica’s supply chain requirements enabled Celestica to act as a seamless extension of its customers' operations and contributed to Celestica's overall success in the EMS industry,” said Karlheinz Totz, senior vice president and chief procurement officer, Celestica. “We’re proud to recognize KEMET as a Partners in Performance award winner and we value their contribution immensely.”

KEMET Corporation is a global leader in passive electronic technologies to the world’s most successful electronic manufacturers and distributors. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM.

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