GREENVILLE - AVX Corp., a manufacturer of electronic components currently based in Myrtle Beach, said Thursday it would move its corporate offices to Greenville in a move that would affect 150 employees.
The company said in a four-paragraph statement that it would move the corporate offices to a "newly acquired facility outside Greenville," but it didn't disclose the exact location.
Senior executives, meanwhile, were traveling to Asia and unavailable to elaborate, said an assistant to the chief executive officer, John Gilbertson.
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AVX said in its statement that the relocation would occur in phases "with certain functions moving during the next several months." The company said the move wouldn't affect its manufacturing operations in Myrtle Beach and Conway.
Stock analysts who follow the publicly traded AVX said they hadn't talked to company executives about the move.
AVX makes capacitors, the same product as Greenville-based Kemet Corp., and shares a parent company, Japan's Kyocera Corp., with the Kyocera Mita plant along Interstate 385 south of Greenville.
Kevin Landmesser, a vice president with the Greenville Area Development Corp., Greenville County's economic development organization, said Kyocera Mita about four years ago asked for help in finding a tenant for 27,000 square feet of office space it didn't need at its two-building complex in the Southchase industrial park between Simpsonville and Fountain Inn.
Landmesser said he believes Kyocera Mita continues to employ 75 to 100 people making copier toner at the local complex. He said Greenville County hasn't talked with AVX about the possibility of incentives for bringing jobs to Greenville County.
Rick Teal, vice president of administration for Kyocera Mita South Carolina Inc., couldn't be reached.
Brian Reed, research manager for the Furman Co., a Greenville real estate firm, said his records show a total of about 300,000 square feet of space at the local Kyocera Mita complex.
A spokeswoman for Kyocera's U.S. operations directed inquiries to Kurt Cummings, chief financial officer for AVX, but he couldn't be reached to comment.
AVX, which also makes electrical connectors, reported earning nearly $32 million for the quarter ended Sept. 30.
The company also reported declining sales for that quarter and expenditures related to layoffs and consolidation. AVX also said in its latest quarterly report that it expected to continue focusing on cost reductions and restructuring in the near term.
The company's shares, traded on the New York Stock Exchange under the symbol AVX, sold for $12.33 Thursday afternoon, down 7 cents from the previous close.
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