AVX Corporation, is an American manufacturer of electronic components headquartered in Fountain Inn, South Carolina. It is the largest industrial employer in Horry County, South Carolina, with almost 1000 workers in Myrtle Beach and Conway. AVX has 9,900 employees and operates in the United States, Europe and Asia. 2012 sales were $1.545 billion. Capital expenditure for the year 2010 was at a five-year low of $28.888 million 34.6% lower than the year before and 2.5 times less than in 2008, earnings per share grew 78.7% even though total sales fell (although revenue grew with each successive quarter since April 2009) It is a subsidiary of Kyocera Electronics Corporation. AVX has three business units. Passive Components includes electrical components for automotive braking, cell phones, copiers, hearing aids, and locomotives. KED Resale sells Kyocera products including ceramic and tantalum capacitors. Connectors are used in the automotive and medical industries. Major customers of AVX include Motorola, Nokia and Robert Bosch GmbH.