AVX Corporation
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| Public | |
| Traded as | : AVX |
| Industry | electronics |
| Founded | 1972 |
| Headquarters | Greenville, SC, United States |
| Products |
capacitors, electr connectors electronic components Ceramic capacitors varistors, thermistors EMI Filters |
| Revenue | $1,304.966 mil fy 2010 6% |
$142.858 mil fy 2010 77% |
|
| Total assets | $2,051.492 mil 9.6% |
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Number of employees
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10,600 (Sept'10) |
| Divisions | Passive Components KED Resale AVX Interconnect (a.k.a. Elco) |
| Website | www |
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. 2012 sales were $1.545 billion. Capital expenditure for the year 2010 was at a five-year low of $28.888 million 34.6% lower than the year before and 2.5 times less than in 2008, earnings per share grew 78.7% even though total sales fell (although revenue grew with each successive quarter since April 2009) It is a subsidiary of Kyocera Electronics Corporation.
AVX has three business units. Passive Components includes electrical components for automotive braking, cell phones, copiers, hearing aids, and locomotives. KED Resale sells Kyocera products including ceramic and tantalum capacitors. Connectors are used in the automotive and medical industries.
Major customers of AVX include Motorola, Nokia and Robert Bosch GmbH.
Asia accounts for 45 percent of AVX sales.
AVX began in 1972 making ceramic capacitors as a subsidiary of Aerovox Corporation, a company founded in 1922 as Radiola Wireless Corporation, which made radios. In June 1973, AVX became the parent company when assets of Aerovox were sold. That same year, Marshall D. Butler, who played a major role in the company's growth, became chairman and CEO.
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Wikipedia