AVX Honored for Third Consecutive Year 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)--June 15, 2001

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. AVX is the only capacitor supplier in the industry to receive this award for an unprecedented third consecutive year.

The honors were distributed to select suppliers at Celestica's annual Global Supplier Awards in Toronto. Merits were given in recognition of outstanding suppliers who have consistently demonstrated a shared commitment to Celestica's electronics manufacturing services (EMS) goals.

"Listening to customer needs, making appropriate business process changes and providing improved customer satisfaction are key goals for AVX," said Craig Hunter, strategic marketing manager for AVX Corporation. "We pride ourselves on enabling customers to outperform the market through enhanced service and superior device technology. Ultimately, our success depends on these customers' success in the market and therefore we are pleased to be recognized for helping an industry leader like Celestica achieve their goals."

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 31,000 employees worldwide, Celestica operates 36 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 world's broadest selection of passive electronic components. AVX is publicly traded on the New York Stock Exchange (NYSE:AVX). For further information on AVX, visit www.avxcorp.com on the web.