Belfast Telegraph

Friday 25 April 2014

82. AVX (NI)

Vice president: Martin McGuigan

Employment: 397

Turnover: £83m

Pre-tax profit: n/a

The Japanese-owned and US stock market listed company is a worldwide manufacturer and supplier of passive electronic components and connectors.

It serves a broad range of markets including: computer, telecommunications infrastructure, cellular, industrial, automotive, consumer, military and medical sectors.

AVX’s Coleraine operations said that turnover dropped from the previous period in a year which saw very low activity in the first half, but saw a significant ramp-up in the second half as the automotive market rebounded strongly.

As a result of this increase in activity, AVX has continued to ramp-up production and as of this quarter demand remains strong for its core products which are used in a wide variety of markets including aerospace; satellite; instrumentation; defence and automotive.

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