Phelps Dodge to sell wire and cable business

摘要

Phelps Dodge may sell its wire, cable and chemicals businesses, its chairman J Steven Whisler has told Wire Industry.Phelps Dodge says that, "in a hid to enhance shareholder value", it will focus the company 5 resources on growing its mining business.As part of this plan, the company is exploring, what it describes as, strategic alternatives for, including the potential sale of, the Phelps Dodge Wire and Cable Group and the Columbian Chemicals Company.