World-Leading Manufacturer AVX First in the Industry to Announce Validated Conflict-Free Tantalum
December 16 2011 - 6:06PM
Business Wire
AVX Corporation, a leading manufacturer of advanced passive
components and interconnect solutions, is proud to announce that as
of December 1st 2011, all its current tantalum powder and wire
suppliers are fully compliant with the independently-audited
Conflict-Free Smelter Program (CFS). Going forward, AVX will
exclusively use tantalum powder and wire from conflict-free
compliant smelters.
As the leading supplier of tantalum capacitors, AVX is the first
in the industry to reach this point, another major step forward in
its ability to provide verifiable assurance to its customers that
all AVX products contain only conflict-free tantalum, in accordance
with the principles of the Dodd-Frank legislation and current OECD
guidelines. OECD Due Diligence Guidance for Responsible Mineral
Supply Chains from Conflict-affected and High-risk Areas is for use
by any company potentially sourcing minerals or metals from
conflict-affected areas of weak governance and provides management
recommendations to help companies respect human rights and avoid
contributing to conflict through their mineral or metal purchasing
decisions and practices.
This advance is another step forward in AVX’s continuing efforts
to keep conflict minerals out of the supply chain. For the past ten
years, the company has had a policy of not using tantalum sourced
from the Democratic Republic of Congo (DRC) or any other area in
which insurgents or similar groups benefit from the sale of
minerals. From 2007 onwards, AVX increased the level of due
diligence and improved its ability to comply with this policy and
since 2009, AVX has actively participated in the industry-wide
effort to eliminate “conflict minerals” from the supply chain
through the CFS program. The company will continue this role of
leading by example by working with multiple stakeholder partners,
including major electronics companies such as Motorola Solutions,
HP and Intel, in the Solutions for Hope pilot program.
Solutions for Hope demonstrates that verifiably conflict-free
tantalum material can be mined and shipped from the DRC to the
benefit of the local population, who are suffering as a result of
the de-facto ban on such minerals resulting from the Dodd-Frank
legislation in the USA. Based on a closed-pipe supply chain that
operates in accordance with the OECD due diligence guidance for
responsible sourcing from areas of weak governance, Solutions for
Hope incorporates the independently-validated Conflict-Free Smelter
(CFS) program. The pilot initiative will be evaluated to prove that
the closed supply chain is reliable, sustainable and expandable,
and will allow the DRC to return as a supplier of
responsibly-sourced minerals to the tantalum industry.
For further information on this project, please contact Bill
Millman at AVX: +44 (0) 1803 697211 or visit
conflict.free@eur.avx.com.
For further information on Solutions for Hope, please visit:
http://solutions-network.org/site-solutionsforhope/.
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).
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