Staff Report
Published July 5, 2012
AVX Corp., a manufacturer of electronic components, said today it will invest $14 million and hire 279 employees over the next several years to expand its operations in the Upstate.
The company relocated its headquarters from Myrtle Beach to Fountain Inn in 2009.
“Increasing manufacturing and research operations at our global headquarters facility in Fountain Inn, near Greenville, is an important step for our company’s growth,” said CFO Kurt Cummings. “These new operations will allow us to expand our worldwide activity and broaden our product offering. We appreciate the support we’ve received from state and local officials as well as representatives of Duke Energy.”
The company will receive state and local incentives to expand, including a $500,000 Closing Fund grant for building improvements, job development credits and tax abatements from the county.
AVX will complete renovations at the former Mita building located in the Southchase Industrial Park.
AVX is an international supplier of electronic passive components and interconnect solutions with 24 manufacturing and customer support facilities in 15 countries. AVX offers capacitors, resistors, filters, timing and circuit protection devices and connectors.
“We celebrate AVX’s decision to expand its footprint in Fountain Inn and create 279 new jobs. Investments like this one show that our state provides an environment where companies can grow and prosper. We remain committed to strengthening our state’s business-friendly climate,” said Gov. Nikki Haley.
Since January 2011, South Carolina has recruited more than $6.8 billion in capital investment and more than 16,000 jobs in the manufacturing sector.
“Our manufacturing renaissance continues to gain steam with investments like this one from AVX. Manufacturing is the key component to wealth creation in South Carolina and these jobs will have impact in the Upstate,” said Secretary of Commerce Bobby Hitt.
“It’s great to have AVX expanding in the Greenville area,” said H. G. “Butch” Kirven, Greenville Area Development Corp. board member and chairman of Greenville County Council. “This is an international company that will strengthen our technology-based advanced manufacturing sector, opening new opportunities for individuals and other businesses alike. We appreciate the assistance of Duke Energy and AdvanceSC in making this happen. The spotlight on the Upstate shines brighter with this announcement.”
