AVX To Pay $26M For Cleanup At Aerovox Mill

Law360, New York (April 27, 2010, 6:48 PM EDT) -- A subsidiary of Kyocera Electronics Corp. has reached a $13 million settlement with the U.S. Environmental Protection Agency that will ensure a vacant, polluted mill on the Acushnet River near the harbor of New Bedford, Mass., is demolished and that the entire 10-acre site is capped.

Electronic component manufacturer AVX Corp. has also agreed in principle to a second $13 million agreement with the state of Massachusetts and the city of New Bedford that will pay for further evaluation and remediation under local hazardous waste cleanup...
To view the full article, register now.