AVX has three business units. Passive Components includes electrical components for automotive brakingcell phonescopiershearing aidsand locomotives. KED Resale sells Kyocera products including ceramic and tantalum capacitors.

Connectors are used in the automotive and medical industries. Asia accounts for 45 percent of AVX sales. AVX began in making ceramic capacitors as a subsidiary of Aerovox Corporation, a company founded in as Radiola Wireless Corporation, which made radios. That same year, Marshall D. Butler, who played a major role in the company's growth, became chairman and CEO. Butler cofounded Alloys Unlimited Inc. With his experience in the semiconductor field, Butler decided AVX should emphasize multilayer ceramic capacitors MLCCsused in the rapidly expanding integrated circuit field.

Butler sold two other divisions and started a five-year plan. The company's license would not let it sell in Japan, but Kyocera Corporation could sell its Qu Company in the United States. Thai Hua Rubber Public Company Limited AVX started a Japanese subsidiary.

AVX continued to grow through Avx Kyocera Group Company product research and buying other companies. In the late s, the European operations of AVX represented one-fourth of sales. Inamori wanted to buy AVX rather than partner with the company. Butler retired as CEO in but remained on the board of directors.

Benedict P. Rosen, an employee since the company's start, became the new CEO. At the same time, the automotive, home appliance and medical industries needed electronic components, and advanced electronic systems needed capacitors as well. AVX also sold Kyocera products worldwide and helped the company start operations in Mexico and Indonesia.

Kyocera helped AVX start manufacturing connectors. AVX used the money to enter the connector business and increase its manufacturing of ceramic and tantalum capacitors. At the same time, material prices went up, and an Asian currency crisis added to AVX's troubles. Production moved to the Czech Republic in the late 90's and China from onwards.

The industry situation appeared to improve bythough AVX still lost money. In April the company decided to close a number of its smaller worldwide factories including its flagship manufacturing plant in Paignton, UK following the credit crunch in an effort to reduce costs and remain financially viable for shareholders.

The company planned no change to manufacturing in Conway and Myrtle Beach. InAVX announced plans to tear down the original Myrtle Beach plant built in and updated inwith manufacturing operations continuing at a nearby location on the same land. InMyrtle Beach property owners near the AVX plant filed suit, claiming trichloroethylene TCE used at the plant until the s has polluted their neighborhood and lowered property values.

Another lawsuit claimed the pollution had stopped a condominium development in the area. A consultant for one of the land owners, Avx Kyocera Group Company Land Co. InAVX claimed Myrtle Beach Air Force Base caused at least part of the pollution, and the company added the air force to one of several lawsuits. A geologist for AVX claims the pollution could be cleaned up in five years and Horry Land is not entitled to compensation, while the consultant for Horry Land claims there is no way to tell how long cleanup will take, since AVX has been trying to clean up its own pollution for 28 years.

On February 22,federal judge Terry Wooten ruled that evidence in the Horry Land suit showed the plaintiffs were entitled to a trial. AVX appealed Wooten's decision on whether the air force should help with the cost of cleanup. AVX argues that the government's expert, who said groundwater from the base flowed away from the polluted areas, was not qualified to testify about groundwater. The findings could influence an upcoming class-action lawsuit by property owners. On Oct. AVX claimed that U.

District Court Judge Terry Wooten made a legal error in its trial Qa Company allowing an unqualified expert witness to testify. On July 22,a jury was selected for the second of three lawsuits regarding pollution on land owned by JDS Development of Myrtle Beach LLC, which asked for damages and lost income from condominiums that were never built.

AVX counters that the economic downturn caused the failure of the Southern Pines project, and blames the air force for part of the pollution. The suit was filed in and the trial was scheduled forbut insufficient jurors led Avx Kyocera Group Company a delay. Property owners still needed to approve the settlement, which attorney Gene Connell called "reasonable.

The ruling allows the determination of whether the facts of the case will result in a "stigma damages" policy. From Wikipedia, the free encyclopedia. AVX Corporation Type.

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AVX Corporation - Wikipedia

AVX Corporation, is an American manufacturer of electronic components headquartered in Fountain Inn, South Carolina.It is the largest industrial employer in Horry County, South Carolina, with almost 1000 workers in Myrtle Beach and Conway. AVX has 9,900 employees and operates in the United States, Europe and Asia.AVX is a subsidiary of Kyocera Electronics Corporation.Headquarters: Greenville, SC, United States…

Kyocera - Wikipedia

Kyocera Corporation (京セラ株式会社, Kyōsera Kabushiki-gaisha, pronounced [kʲoːseɾa]) is a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan.It was founded as Kyoto Ceramic Company, Limited (京都セラミック株式会社, Kyōto Seramikku Kabushiki-gaisha) in 1959 by Kazuo Inamori and renamed in 1982.ISIN: JP3249600002 …