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AVX Announces Restructuring Action
December 15, 2003 |Estimated reading time: Less than a minute
Myrtle Beach, S.C. — AVX Corp. announces the decision to close its ferrite factory in Taiwan.
Approximately 100 people currently work in the Taiwan facility.
Implementation of the plant closure should be completed during the next few months and related severance costs and asset impairment charges are estimated at between $5 and $6 million.
AVX Corp. is a leading international manufacturer and supplier of a broad line of passive electronic components and related products. For more information, visit www.avxcorp.com.