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

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

Business Wire

GREENVILLE, S.C. -- February 15, 2013

AVX 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 Solutions, Intel, and HP, to maintain a validated
“closed-pipe” process for sourcing conflict-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).

Contact:

AVX Corporation
Callie Baldwin, 864-967-9375
Sales & Website Communications Manager
callie.baldwin@avx.com
or
BtB Marketing
Christine Stieglitz, 919-872-8172
christine.stieglitz@btbmarketing.com
 
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