18 Facts About AVX Corporation

AVX Corporation is an American manufacturer of electronic components headquartered in Fountain Inn, South Carolina.

AVX Corporation has 9, 900 employees and operates in the United States, Europe and Asia.

In June 1973, AVX Corporation became the parent company when assets of Aerovox were sold.

AVX Corporation added operations in Europe, but moving into Japan proved more difficult because of Japan's protected home market.

AVX Corporation continued to grow through new product research and buying other companies.

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AVX Corporation wanted to manufacture parts for Kyocera, which had only 2 percent of its sales in Europe and hoped to increase that before the European Community made that more difficult.

AVX Corporation sold Kyocera products worldwide and helped the company start operations in Mexico and Indonesia.

AVX Corporation used the money to enter the connector business and increase its manufacturing of ceramic and tantalum capacitors.

On December 3, 2009, AVX Corporation announced it would move corporate headquarters to Greenville, South Carolina, with about 150 jobs leaving the Myrtle Beach area.

AVX Corporation planned no change to manufacturing in Conway and Myrtle Beach.

In 2011, AVX Corporation announced plans to tear down the original Myrtle Beach plant built in 1949 and updated in 1985, with manufacturing operations continuing at a nearby location on the same land.

In 2007, Myrtle Beach property owners near the AVX Corporation plant filed suit, claiming trichloroethylene used at the plant until the 1980s has polluted their neighborhood and lowered property values.

In 2009, AVX Corporation 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.

In May 2011, Wooten ruled that AVX Corporation caused the pollution, and county property records show that AVX Corporation purchased 21.

AVX Corporation appealed Wooten's 2011 decision on whether the Air Force should help with the cost of cleanup.

AVX Corporation argued that the government's expert, who said groundwater from the base flowed away from the polluted areas, was not qualified to testify about groundwater.

AVX Corporation claimed that Wooten made a legal error in its 2011 trial by allowing an unqualified expert witness to testify.

The jury awarded $500, 000 in actual damages and $250, 000 in punitive damages to JDS, but AVX Corporation wanted that amount reduced to no more than $397, 500, claiming JDS did not provide "expert testimony" to support its views, or evidence Southern Pines would have been a success.