General Cable Corp. has become one of the most geographically diverse U.S.-based manufacturing companies. Its overseas sales now account for about 70 percent of its total sales, its latest results show. The Northern Kentucky-based company not only does business in Europe, but claims leading market positions in Central and South America, Sub-Saharan Africa, Oceania and the Pacific Islands, as well as operating in Southeast Asia, China and India. General Cable designs and manufactures electrical wire and cable for the power and telecommunications industries, and its overseas projects range from a wind farm in the North Sea to developing the electrical infrastructure in developing countries. Despite rising prices for one of its raw materials, copper, and an uncertain U.S. economy, it posted revenue of $1.6 billion in the first quarter, up 42 percent from a year earlier. "The Company is clearly benefiting from its strategic investments to expand into new products and geographies," says CEO Gregory Kenny.
Writer: David Holthaus
Source: Michael P. Dickerson, General Cable Corp.
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