By Steven Scheer JERUSALEM (Reuters) - Arie Levin envisions a time in the not too distant future where his micro electronics company, AVX Corp, may no longer have operations in Israel. Due to a sharp appreciation of the shekel against the dollar, AVX, which was founded in 1972 and makes components for wireless products, has already shifted some of its thin film production from Jerusalem to the Czech Republic. "The deterioration of the value of the dollar versus the shekel has contributed to a 20 percent increase in our costs, which narrows down the profit margins and forces us to look for other solutions," said Levin, head of AVX Israel, which is 70 percent owned by Kyocera. "If nothing changes, I envision I will be under pressure to move more and more and that is the last thing I would like to do." The shekel stands at 3.47 per dollar, near its strongest level since August 2011.
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