AVX Corporation (NYSE: AVX), a leading manufacturer of advanced passive components and interconnect solutions, is fully committed to the global effort to exclude tantalum sourced from any area in which insurgents or similar groups may benefit from the sale of minerals (“conflict minerals”).
As part of its ongoing commitment to a conflict-free supply chain, AVX has been at the forefront of industry’s efforts in developing standards for the supply of tantalum from the mine to the ultimate customer and is an active participant in the Electronic Industry Code of Conduct (EICC) and the GLOBAL e-SUSTANABILITY INITIATIVE (GeSI) Conflict-Free Smelter program and the Tantalum-Niobium International Study Centre (TIC) to avoid the use of tantalum ore which directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo or adjoining countries and fully supports the position of the Electronic Components, Assemblies and Materials Association (ECA) toward the same result.
Since December 1 st, 2011, AVX has exclusively sourced the tantalum powder and wire used to manufacture its tantalum capacitors from smelters whose compliance with the Electronic Industry Code of Conduct (EICC) and the Global e-Sustainability Initiative (GeSI) Conflict-Free Smelter program has been verified. Now, the exclusive use of EICC/GeSI-validated smelters is expected to be the cornerstone of pending SEC regulations concerning the Dodd-Frank legislation, which industry analysts expect will be announced by August’s end.
“Employing only EICC/GeSI independently validated, conflict-free smelters, in addition to our own supply chain assessment activities has allowed us to assure our customers of our compliance with the Organization for Economic Cooperation and Development, due diligence guidelines as well as with the provisions detailed in the Dodd-Frank law,” said Bill Millman, director of quality and technology for AVX’s tantalum division. “We also expect that the conflict-free tantalum policies that we already have in place will make us compliant with related and currently pending SEC regulations. Several other manufacturers are making efforts to attain validated compliance with these provisions; but, at present, AVX is the only company that meets these exacting standards.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV