|[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'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
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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