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AVX, a US Subsidiary of KYOCERA, to Change its Name to "KYOCERA AVX Components Corporation"

Company to expedite unification of its global sales operation

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Kyocera Corporation (President: Hideo Tanimoto, hereinafter; "Kyocera") and AVX Corporation (CEO: John Sarvis, hereinafter; "AVX") today announced that AVX, a consolidated subsidiary of Kyocera, has changed its corporate name to "KYOCERA AVX Components Corporation" as of October 1, 2021.

Furthermore, the company will now use the new business brand, "KYOCERA AVX," and unify sales organizations in the U.S. and Europe to enhance sales capabilities, as announced in April of this year.* 1001_plmn01.jpeg

Under the new company name, KYOCERA AVX will further promote organizational integration and effective use of management resources, including manufacturing and development, to strengthen Kyocera Group's global business for electronic components and pursue further sales expansion worldwide.

*Kyocera plans to unify sales organizations in Japan, China, and other Asian countries in April 2022 (or later).

Outline of the new company

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Current Name New Name
AVX Corporation KYOCERA AVX Components Corporation

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Address Fountain Inn, South Carolina, U.S.A.
Representative John Sarvis, Chairman, CEO, and President of AVX Corporation
[Managing Executive Officer, Executive General Manager of Electronic Components Business, KYOCERA Corporation]
Business Manufacture and sale of electronic components, including connectors, capacitors, and sensors
Consolidated net assets US $2,425,661,725 (as of 31 March, 2021)
Established 1972
Employees Approximately 14,700
Number of manufacturing sites USA: 6 sites / Europe : 13 / Asia 12
Number of sales offices USA: 2 sites / Europe : 9 / Asia : 11

This news release is intended for media purposes, and is current of the date of publication. Information is subject to change without notice.