Passive electronic component house Kemet has announced that it is expanding its presence in China with the formation of a new joint venture for manufacturing certain film and electrolytic capacitors in the country.
Kemet Electronics Corp. and Jianghai Film Capacitor Co., Ltd., a subsidiary of Nantong Jianghai Capacitor Co., Ltd. will form the joint venture with the company being called Kemet Jianghai Electronic Components Co. Ltd.
The joint venture will manufacture axial electrolytic capacitors and (H)EV Film DC brick capacitors that will be distributed by both Kemet and Jianghai. Each company will fund the venture through an initial capital contribution of $5 million through a combination of cash and manufacturing equipment.
The JV will utilize Jianghai’s manufacturing abilities with the film and electrolytic capacitors from Kemet for the automotive and industrial markets. Kemet says the new JV will not affect its support of customers in Europe and the Americas as these will be supported through its locations in Portugal and Sweden.
