Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from Mr. Stuart Bush with RBC Capital Markets.
Stuart Bush - RBC Capital Markets
Yeah. Good morning, guys. Congratulations on the quarter.
Greg Kenny
Thanks, Stuart
Stuart Bush - RBC Capital Markets
Greg, it seems that the timing of your PDIC acquisition, has given you a much more global footprint, couldn’t have been better timed?
Greg Kenny
I agree.
Stuart Bush - RBC Capital Markets
I have a couple of quick questions. You talked about the lumpiness in project driven element on the aerial transmission market. Can you talk about how decisions would be made if needed for capacity expansions? Do you do that in advance of orders in anticipation of volume demand or is there enough time, if needed, to add capacity after projects that have already been announced?
Greg Kenny
Stuart, that's a simultaneous equation, I think, for us. We like to be careful with our capital. We don't want to overcapitalize the company or the industry. We anticipate that demand will rise for the aerial transmission cables in North America, as well as in Europe and the rest of the world.
We have the ability and flexibility in North America to make these products. I think with Phelps Dodge, we have more work at the problem. So we can attack this now from multiple locations, depending upon what markets are running hot or cold. So I would say Phelps Dodge, not only was timing good for the company, but also it has brought a lot more manufacturing flexibility. Again, they are very low cost producer and they are very good at metals transformation.
So we are sitting on a pile of capacity, but we have flexibility, we have headroom, and we know what we will do if and when this thing begins to become sustained. Again, a lot of the forecast would say this could be twice as big or three times as big for longs period of time. But again these are, as you know, complex projects. But we have enough headroom to see this thing pickup materially, and still be able to manage it and again we have now multiple sites around the world that could be competitive into the US.
Stuart Bush - RBC Capital Markets
Sure, great. And you had mentioned that you were looking at options on your old telecom telephone copper cable business. Can you give us an update there?
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