Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line Jeff Beach with Stifel Nicolaus.
Jeff Beach - Stifel Nicolaus and Company, Inc.
Yes. Good morning, Greg, and great quarter.
Greg Kenny - President and CEO
Thanks, Jeff.
Jeff Beach - Stifel Nicolaus and Company, Inc.
PDI, can you talk a little bit, expand a little bit on some of the strategies you expect to take at PDI in Asia Pacific? Is there any thoughts yet on expanding and attacking the India market more with new products? Before I've heard about the overcapacity and unfavorable pricing and China as being somewhat of a hindrance.
I'd like to hear a little bit about plans in Latin America. Can you just talk a little bit about opportunities you see?
Greg Kenny - President and CEO
Yeah. You know, Jeff, again, the important thing for PDIC was a great management team, very well-run company, very good at working in difficult environments, tremendous skills in both metal working as well as in equipment and organized as one company.
And I guess I would say that the team is exceptional, which we expected and anticipated. They're as good or better than I thought possible. It's really a first-rate team and we're launching offensive opportunities in a lot of areas that we've been wanting to get at but really lack the manpower and the understanding to accomplish.
So to the first question, India, we acquired a small position in India last year, and with Phelps Dodge, who was doing about $100 million on the ground in India principally from its Thai manufacturing base, they brought tremendous understanding experience that's coupled with our team on the ground. So we have a team hired and a business going, and we remain on track and probably are accelerating our thinking around a greenfield that would represent our combined activities in the region but would be on the ground in India. And that would be something that I would hope would be running before the year's out, and that would be a meaningful - and part of our capital spending - a meaningful investment.
But we already are selling there, both on the ground products made in India as well as products coming in from around the world, particularly Thailand, into that country.
So we see that as full of opportunity. They've made tremendous progress in the last six weeks in developing the ongoing investment case, and we will be launching, I believe, very shortly. So that's on course.
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