AVX Honored for Excellence in Supply Chain Management; Celestica Recognizes AVX Corporation With Global Supplier Award.

Business Editors & High-Tech Writers

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--July 19, 2000

AVX Corporation, a leading manufacturer of electronic components, has received the Partners in Performance award from Celestica Inc., a world leader in electronics manufacturing services.

The honors were distributed to select suppliers at Celestica's annual Global Supplier Awards in Toronto. Citations were given in recognition of outstanding achievements and support of Celestica's electronics manufacturing services (EMS) goals.

"We are very proud to be recognized by an industry leader like Celestica," said Crag Hunter, strategic marketing manager for AVX Corporation. "We at AVX have dedicated ourselves to 'total customer satisfaction.' The fact that the award recognizes our dedication to quality and innovative management marks it as a very significant achievement."

The Partners in Performance awards are given to suppliers based on their ability to support Celestica's supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency and overall supplier performance.

With more than 21,000 employees worldwide, Celestica operates 32 manufacturing and design facilities in the United States, Canada, Mexico, the United Kingdom, Ireland, Italy, the Czech Republic, Thailand, Hong Kong, China, Malaysia and Brazil. Celestica (NYSE, TSE: CLS) provides a broad range of services including design, prototyping, assembly, testing, product assurance, supply chain management, worldwide distribution and after-sales service. Its customers include industry leading original equipment manufacturers (OEMs), primarily in the computer and communications sectors. For further information on Celestica, visit (http://www.celestica.com) on the Web.

AVX Corp. is a leading international electronic supplier of components with worldwide manufacturing facilities, offering the worlds broadest selection of passive electronic components. The company is publicly traded on the New York Stock Exchange (NYSE:AVX). AVX is publicly traded on the New York Stock Exchange (NYSE:AVX). For further information on AVX, visit ( www.avxcorp.com ) on the web.