Phelps Dodge

One of the world's leading producers of copper.

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Headquarters:
One North Central Ave.
Phoenix, AZ 85004
Employees: 14,000
CEO: Steven Whisler
Stock Symbol: PD

Website: http://www.phelpsdodge.com

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Phelps Dodge is one of the world's leading producers of copper. The company is a world leader in the production of molybdenum, the largest producer of molybdenum-based chemicals and continuous-cast copper rod, and among the leading producers of magnet wire and carbon black. The company's two divisions, Phelps Dodge Mining Co. and Phelps Dodge Industries, employ more than 14,000 people worldwide.

Phelps Dodge Mining Co. is an industry leader in the safe, efficient and environmentally responsible production of high-quality metals and minerals. Phelps Dodge Mining Co. is a fully integrated producer of copper and molybdenum, with mines and processing facilities in North and South America and Europe. We also process other minerals as byproducts, such as gold, silver and rhenium. Phelps Dodge Exploration Corp. and the Process Technology Center ensure the continued discovery and development of economically viable mineral reserves and the refinement and creation of production and process technologies.

Phelps Dodge Industries comprises two global businesses - Phelps Dodge Wire & Cable and Columbian Chemicals Co. - that manufacture engineered products for the energy, transportation and specialty chemicals sectors both in established and emerging markets worldwide. Phelps Dodge Wire & Cable manufactures products for power distribution, electric motors, and medical and electronic devices. Columbian Chemicals Co. is among the world's largest producers of rubber and industrial carbon black products. Rubber carbon blacks add strength, durability and improved performance to tires and mechanical rubber goods, while industrial carbon blacks provide improved coloring and electrical properties for inks, paint, plastics, electric cable insulation and other products.

For 2004, Phelps Dodge reported record revenues of $7.09 billion and net income of $1.04 billion.

History

Phelps Dodge began in 1834 as a New York City-based mercantile company. It traded American products to England in exchange for copper, iron, tin and other metals needed in the United States. The company derives its name from founding partners Anson Phelps, a one-time saddle maker, and his son-in-law, William Dodge, a merchant in dry goods.

The company entered the mining business in 1881 with an investment in Detroit Copper Mining Co. in Morenci, AZ. It quit the import-export business in 1906.

Benefits

Employees receive Benefit Dollars to purchase medical, dental and vision coverage. Coverage is available on the first day of work.

In addition, Phelps Dodge employees enjoy:
- Paid vacation,
- An employee assistance plan,
- Tuition reimbursement (for qualified courses),
- A scholarship program for children
- Adoption assistance.

Phelps Dodge also offers Flexible Spending Accounts, a company Retirement Plan, profit sharing and an Employee 401(k) plan.

Updated April 29, 2005

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