AVX Olean Advanced Products plans to close its Seneca Avenue factory within the next year, eliminating 83 jobs, the company said Monday.
The company, which makes ceramic capacitors, plans to shift production work on the capacitors that now is done in Olean to a sister plant in Fountain Inn, S.C., where AVX is based, said John Monahan, the Olean factory’s general manager.
AVX also does some finishing work on products in Juarez, Mexico, and in El Salvador. That work will continue, Monahan said.
AVX has not set a closing date for the plant, located at 1695 Seneca Ave. But Monahan said the target is to close the facility, which originally operated under the Aerovox name, within a year.
The capacitors that AVX makes are used in a wide range of industries, from computers and military to medical functions.