AVX Corporation operates as a manufacturer, supplier, and reseller of a line of passive electronic components, interconnect devices, and related products worldwide. The company is a subsidiary of Kyocera Corporation of Japan (Kyocera). Segments The company operates through three segments: Passive Components, Kyocera Electronic Devices (KED Resale), and Interconnect. Passive Components This segment consists primarily of surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters (bolt in and surface mount), thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, and resistive products. The company manufactures and resells a line of multi-layered ceramic and solid tantalum capacitors in different sizes and configurations. The company also added passive component manufacturing capacity with the acquisition of the Tantalum Components division of Nichicon Corporation (Asia Tantalum). Asia Tantalum designs, develops, manufactures, and markets tantalum electronic components. Asia Tantalum’s products are used in a range of commercial applications. The company also offers a line of passive component products to fill the special needs of its customers. The company’s family of passive components also includes film capacitors, high energy/voltage power capacitors, and varistors. Its products engineers work with some customers’ in-house technical staffs to design and manufacture customized products to meet the specifications of particular applications. KED Resale This segment consists primarily of ceramic capacitors, frequency control devices, SAW devices, sensor products, RF modules, actuators, acoustic devices, and connectors produced by Kyocera and resold by the company. The company has a non-exclusive license to distribute and sell certain Kyocera-manufactured electronic component and connector products to certain customers and in certain territories outside of Japan. Its distribution and sale of certain Kyocera products expands the company’s range of products and further facilitates its ability to offer ‘one-stop shopping’ for its customers' electronic components needs. The Kyocera KDP and KCD electronic components that the company sells include ceramic capacitors, RF modules, frequency control devices, SAW devices, sensor products, actuators, and acoustic devices. Resale product sales also include connectors manufactured by Kyocera. Interconnect This segment consists primarily of AVX Interconnect automotive, telecom, and memory connectors manufactured by or for the company. The company manufactures and resells electronic connectors and interconnect systems for use in various industries. The company’s product lines include various industry-standard connectors, as well as products designed primarily for its customers' applications. The company produces fine pitch connectors used in portable devices, such as smart phones, other cell phones, notebook computers, tablets, GPS, and other hand held devices. In addition, the company offers specialty connectors designed to address customer specific applications across a range of products and end markets, including the expanding LED and LCD markets. Customers, and Sales and Marketing The company’s customers are multi-national original equipment manufacturers, independent electronic component distributors, and electronic manufacturing service providers. The company markets its products through its own direct sales force and independent manufacturers' representatives. The company sells its products to customers in a range of industries, such as telecommunications, information technology hardware, automotive electronics, medical devices and instrumentation, industrial instrumentation, transportation, energy harvesting, defense and aerospace electronic systems, and consumer electronics. Strategy The company’s strategic advantages include creating technology leadership; providing a broad product line; maintaining the lowest cost, highest quality manufacturing organization; and coordinating its marketing, distribution, and manufacturing facilities worldwide. Research, Development, and Engineering The company’s research, development, and engineering expenditures were approximately $25 million during the year ended March 31, 2015. Environmental Matters The company has been identified by the United States Environmental Protection Agency, state governmental agencies or other private parties as a potentially responsible party under the Comprehensive Environmental Response, Compensation and Liability Act or equivalent state or local laws for clean-up and response costs associated with certain sites at which remediation is required with respect to prior contamination. Competition The company’s major competitors for passive electronic components include Murata Manufacturing Company Ltd., TDK Corporation, Kemet Corporation, Yageo Corporation, Taiyo Yuden Co. Ltd., Samsung Electro-Mechanics, and Vishay Intertechnology, Inc. Its major competitors for certain electronic interconnect products include TE Connecting, Amphenol Corporation, Molex Incorporated, FCI Electronics, and Ernt Electronics. History AVX Corporation was founded in 1972.
avx corp (AX6:Berlin Stock Exchange)
One AVX Boulevard
Fountain Inn, SC 29644
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