8-K

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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549
                                     FORM 8-K

                                  CURRENT REPORT


     Pursuant to Section 13 or 15 (d) of
                         The Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  September 22, 2004



                            KEMET Corporation
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(Exact name of registrant as specified in its charter)




     Delaware                      0-20289                  57-0923789
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(State or other             (Commission File Number)       (IRS Employer
  jurisdiction)                                         Identification No.)


2835 KEMET Way,  Simpsonville, SC                          29681
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(Address of principal executive offices)                 (Zip Code)



Registrants telephone number, including area code:  (864) 963-6300









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Item 1.01   Entry into a Material Definitive Agreement

On September 7, 2004 KEMET Corporation issued a press release announcing
that it has entered into an extension of its long-term tantalum supply
agreement with Cabot Corporation (NYSE:CBT), extending it through the
end of calendar 2009.  A copy of the press release is furnished as Exhibit
99 to this report.

Item 9.01    Financial Statements and Exhibits
(a)	Not Applicable
(b)	Not Applicable
(c)	Exhibits
99	Press Release, dated September 7, 2004 issued by the Company.























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Signature


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Date:  SEPTEMBER 22, 2004
						KEMET Corporation


						/S/ D. E. Gable

						David E. Gable
						Vice President and
						Chief Financial Officer

EX-99

Greenville, South Carolina (September 7, 2004) - KEMET
Corporation(NYSE:KEM) today announced that it has entered into an
extension of its long-term tantalum supply agreement with Cabot
Corporation (NYSE:CBT), extending it through the end of calendar 2009.
Certain terms of the existing contract were also modified as part of
the extension.  As a result of the reversal of a portion of the
liability previously recognized by KEMET related to this contract,
KEMET currently expects to recognize a non-cash special credit in the
September 2004 quarter that will result in a favorable impact on net
earnings.  The amount of the special credit has not yet been
determined but should be available and included in the Company's
September 2004 quarterly earnings release.

KEMET Chief Executive officer Dr. Jeffrey Graves said, "This extension
ensures a long?term supply of tantalum material on terms which allow
KEMET to be globally cost competitive and which enhance the long?term
reliability of the tantalum supply chain.  The contract reinforces
KEMET's focus on being the undisputed global leader in tantalum
capacitors, which are the most cost effective, volumetrically
efficient solutions for many customer applications."

KEMET Corporation is a preferred supplier of standardized components
to the world's most demanding customers of quality, delivery, and
service.  KEMET's common stock is listed on The New York Stock
Exchange under the symbol KEM.  Additional information can be
found at http://www.KEMET.com/ir.