General Cable Increases Stake In Philippines Joint Venture

General Cable Corp., Highland Heights, Ky., has increased its equity ownership in Phelps Dodge Philippines Inc. (PDP) from 40 percent to 60 percent.

PDP is a joint venture established in 1955 by Anscor, a Philippine public holding company with diverse investments, and Phelps Dodge International Corp. (PDIC), a subsidiary of General Cable, which was acquired in the fourth quarter of 2007. PDP reported revenues of about $100 million in 2007.

PDP operates one of the largest wire

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