Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Phelps Dodge International Corporation history
Phelps Dodge International Corporation company history timeline
By 1956 Lavender Pit produced 80.3 million pounds of copper.
A 51 percent interest in a 1957 enterprise called the Phelps Dodge Copper Products Corporation of the Philippines gave it a new source of insulated wire and cable for electrical use.
Another venture blossomed in 1960, when the United States Underseas Cable Corporation was established jointly with several United States companies and a West German company.
By the end of 1963, this policy yielded $327 million in sales, from annual production reaching 261,400 tons.
In 1963 the company formed the Phelps Dodge Aluminum Products Corporation, offering aluminum wire and cable to complement the copper line.
By 1965 the price of copper rose from 34 cents to 36 cents per pound.
In spite of the record profits in 1966, the companies still resisted the idea of a uniform bargaining structure.
In 1967, the national manufacturing wage was $3 an hour, the average national mining wage $3.10 an hour, but the average Arizona mining wage was about $2 an hour.
Company chairman Robert Page handed the helm to George Munroe in 1969.
Though the aluminum enterprise produced 17 fabrication plants by 197 0, the company foresaw little long-term profit in it, and therefore m erged its company with the Consolidated Aluminum Corporation in 1971.
Earlier Phelps Dodge had diversified, so not all of its financial problems in the early 1980's were due to copper prices.
In the first quarter of 1982 the company revenues showed a $19.1 million deficit.
The economy drive began with the 1982 move of company headquarters to Phoenix.
1982: Headquarters relocates from New York City to Phoenix.
By 1985 Phelps Dodge was making record profits again in copper.
1986: Uranium mining business is sold; carbon black producer C olumbian Chemicals Company is acquired.
However, with the large expansion of mining interests and the "conducive political climate," Phelps Dodge did move their corporate headquarters to Phoenix, Arizona in 1987.
By the end of 1989, the company had an income of $267 million, on sales of $2.7 billion.
There had been a history of surface water pollution at Bagdad copper mine, which had caused fish kill in the early 1990’s.
The investment in the Phelps Dodge Industries division paid off handsomely in 1995, as the company's carbon black, truck wheel and rim, and wire and cable businesses each registered a record high in sales.
In 1995, Jonathan D. Rosenblum, union attorney and author of Copper Crucible published a report on previously uncovered documents and interviews that revealed facts there were unknown during the strike.
The average price of c opper in 1995 surged to $1.35 per pound, 28 cents higher than the previous year, and Phelps Dodge reaped the benefits, registering rec ord production totals at its Morenci, Candelaria, Chino, and Hidalgo mining facilities.
Copper prices hit unfamiliar lows in 1999, due to the lingering effec ts of the Asian financial crisis.
1999: Cyprus Amax Minerals Company is acquired for $1.8 bi llion.
Douglas C. Yearley retired as chairman in May 2000 and was succeeded by J. Steven Whisler.
In late 2000, as copper prices showed signs of improvement, the compa ny proposed selling off Columbian Chemicals and PD Wire.
Company headquarters was relocated from Tempe to ten floors in the ne w 20-story, $78 million Phelps Dodge Tower in downtown Phoenix in November 2001.
In spite of a number of economic difficulties in Asia and South Ameri ca, the sale of the manufacturing businesses would be called off by m id-2001.
2001: Hundreds are laid off as low copper prices, high energy bills hammer high-cost United States operations.
Phelps Dodge announced an $850 million expansion to a Peruvian mine in October 2004.
Other PD news was that the CEO raked in $4.3 million in 2005.
In 2005, the company was planning to add a new copper processing plan t at its Morenci, Arizona, mine.
Rate how well Phelps Dodge International Corporation lives up to its initial vision.
Phelps Dodge International Corporation jobs
Do you work at Phelps Dodge International Corporation?
Is Phelps Dodge International Corporation's vision a big part of strategic planning?
Phelps Dodge International Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bond Manufacturing | 1946 | $103.1M | 20 | - |
| ASARCO | 1899 | $660.0M | 2,000 | - |
| Barrick Gold | 2003 | $9.0B | 18,421 | 216 |
| Kinross Gold | 1980 | $3.5B | 75 | 60 |
| Cloud Peak Energy | 2009 | $832.4M | 1,200 | - |
| Carmeuse | 1992 | $770.0M | 3,500 | 55 |
| Chaparral Steel | 1973 | $330.0M | 1,318 | - |
| Hecla Mining | 1891 | $929.9M | 1,650 | 55 |
| Koppers | 1988 | $2.1B | 2,100 | 48 |
| Westmoreland Coal Co | 1854 | $1.4B | 2,950 | 6 |
Phelps Dodge International Corporation history FAQs
Zippia gives an in-depth look into the details of Phelps Dodge International Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Phelps Dodge International Corporation. The employee data is based on information from people who have self-reported their past or current employments at Phelps Dodge International Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Phelps Dodge International Corporation. The data presented on this page does not represent the view of Phelps Dodge International Corporation and its employees or that of Zippia.
Phelps Dodge International Corporation may also be known as or be related to Phelps Dodge International, Phelps Dodge International Corp and Phelps Dodge International Corporation.