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TMCNet:  AVX's Supply of Tantalum Ore Not Affected by Dar es Salaam Mineral Thefts

[February 15, 2013]

AVX's Supply of Tantalum Ore Not Affected by Dar es Salaam Mineral Thefts

GREENVILLE, S.C. --(Business Wire)--

AVX (News - Alert) Corporation, a leading manufacturer of advanced passive components and interconnect solutions, announced today that it has not been affected by the mineral thefts that have taken place in and around the Tanzanian port city of Dar es Salaam, which are reportedly impacting the global supply of tantalite.

"AVX has a longstanding policy of maintaining considerable stocks of validated conflict-free raw tantalum materials to ensure that occasional disruptions in the tantalum supply chain, like this one, have zero impact on our customers," said Pete Venuto, Vice President of Sales at AVX.

AVX's Solutions for Hope project, established in July 2011, works with leading OEMs, including Motorola (News - Alert) Solutions, Intel, and HP, to maintain a validated "closed-pipe" process for sourcing conflic-free tantalum material from the Democratic Republic of Congo (DRC) in accordance with the Organization for Economic Cooperation and Development (OECD) due diligence guidelines, the independently-validated Electronic Industry Code of Conduct (EICC), and the Global e-Sustainability Initiative (GeSI) Conflict-Free Smelter (CFS) program.

For more information about AVX, please visit www.avx.com, call 864-967-2150, or write to One AVX Boulevard, Fountain Inn, S.C. 29644. For more information about the Solutions for Hope project, please visit http://solutions-network.org/site-solutionsforhope/.

About AVX

AVX Corporation is a leading international supplier of electronic passive components and interconnect solutions with 24 manufacturing and customer support facilities in 15 countries around the world. AVX offers a broad range of devices including capacitors, resistors, filters, timing and circuit protection devices and connectors. The company is publicly traded on the New York Stock Exchange (NYSE:AVX).


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