AVX Corporation : Robert Bosch GmbH Becomes the First Company from the Automotive Sector to Join the AVX "Solutions for Hope" Project
08/16/2012| 11:00am US/Eastern
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All tantalum ore for export is subject to a final-stage,
independent on-the-ground assessment
AVX Corporation (NYSE:AVX), a leading manufacturer of advanced passive
components and interconnect solutions, announced today that the major
automotive supplier Robert Bosch GmbH, has joined the AVX "Solutions for
Hope" Project.
We are very pleased to have Bosch, one of the world's premier
electronics suppliers to the automotive sector participate in our
project said Peter Collis Vice President of the tantalum products.
The "Solutions for Hope Project," established in July 2011, works with
leading OEMs such as Motorola Solutions, Intel, and HP to deliver a
"closed-pipe" process for delivering conflict-free tantalum material
from the Democratic Republic of Congo (DRC) in accordance with the
Organization for Economic Cooperation and Development (OECD) due
diligence guidelines and incorporating the independently-validated
Electronic Industry Code of Conduct (EICC) and the GLOBAL
e-SUSTANABILITY INITIATIVE (GeSI) Conflict-Free Smelter (CFS) program.
The "Solutions for Hope Project" remains the only project to exclusively
utilize EICC/GeSI validated Conflict-Free Smelters for processing
tantalum ore into capacitor-grade materials.
AVX is the first in its industry to validate a closed tantalum pipe
process, assuring all products contain only conflict-free tantalum in
accordance with the principles of the Dodd-Frank legislation and the
current OECD guidelines.
"AVX will continue its leading role by working with a growing list of
major electronics companies like, Robert Bosch GmbH in the Solutions for
Hope program. This program demonstrates that verifiably conflict-free
tantalum material can be mined and shipped in a manner that is reliable,
sustainable and expandable, allowing the DRC to be utilized as a trusted
regional source for responsible minerals," said Bill Millman, Tantalum
Divisional Director of Quality and Technology.
For further information on this project, please contact Bill Millman at
AVX: +44 (0) 1803 697211 or conflict.free@eur.avx.com
About AVX
AVX Corporation is a leading international supplier of electronic
passive components and interconnect solutions with 24 manufacturing and
customer support facilities in 15 countries around the world. AVX offers
a broad range of devices including capacitors, resistors, filters,
timing and circuit protection devices and connectors. The company is
publicly traded on the New York Stock Exchange (NYSE:AVX).
About the Bosch Group
The Bosch Group is a leading global supplier of technology and services.
In the areas of automotive and industrial technology, consumer goods,
and building technology, more than 300,000 associates generated sales of
51.5 billion euros in fiscal 2011.
AVX Corporation
Bill Millman, +44 (0) 1803
697211
Tantalum Divisional Director of Quality and
Technology
conflict.free@eur.avx.com
or
BtB
Marketing
Patricia Staino, 919-872-8172
patricia.staino@btbmarketing.com
© Business Wire 2012
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