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AVX Corporation Participates in “Solutions for Hope Project”

Fri, 07/08/2011 - 6:40am
GREENVILLE, S.C. – AVX Corporation, in partnership with a leading producer of communications technology, has developed the “Solutions for Hope Project,” a pilot program established to demonstrate a process to deliver conflict-free tantalum material from the Democratic Republic of the Congo (DRC) under the Organization for Economic Cooperation and Development (OECD) guidelines. The process’ basis is a ”closed pipe” principle in which tantalite ore mined from a single site within the Katanga Province of the DRC is traced along its secure closed supply chain to the end customer’s equipment in the form of tantalum capacitors supplied by AVX.

AVX will buy the ore from the DRC regional government licensed mine area concession holder at the current market price as published in Metal Pages and transport the ore to the smelter who is a participant in the EICC and GeSI Conflict-Free Smelter (CFS) program. The smelter will convert the ore to capacitor grade powder and wire which will be shipped to AVX, who will manufacture the capacitors and ships them to participating customers for incorporation into end market products.

By minimizing the steps and companies involved, a validated “closed pipe” system is ensured and the value of the DRC raw materials will not be diluted and will remain in the DRC for the benefit of the local peoples through the concession holders’ commitment to fund social services. 

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