Fletcher Building

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Fletcher Building Limited
Type Public company
Traded as NZX: FBU
ASXFBU
Industry Construction
Founded 2001 (part of Fletcher Challenge group)
Headquarters Auckland, New Zealand
Area served New Zealand, Australia, Americas, Pacific Islands, Asia, Europe, Africa
Key people Mark Adamson (CEO and managing director)
Products Building products
Services Construction
Revenue $8,873 million [FY2012]
Profit $185 million [FY2012]
Employees Approx 18,600 globally
Subsidiaries Fletcher Construction
Website fletcherbuilding.com

Fletcher Building Limited is the largest listed company in New Zealand, with a market capitalisation of over NZ$4.8 billion. The company was split from Fletcher Challenge in 2001, formerly New Zealand's largest business and multinational.

With 18,600 employees globally and over 50 businesses operating under the Fletcher Building banner, the company is Australasia's largest building materials supplier. Mark Adamson has been the chief executive since 1 October 2012. Jonathan Ling was the chief executive from September 2006 to September 2012.

Divisions[edit]

The company operates in five divisions: Infrastructure Products, Building Products, Laminates & Panels, Distribution and Construction.[1]

Infrastructure Products[edit]

The Infrastructure Products division consists of cement production, concrete, aggregate, pipeline, quarry products and long steel businesses. This includes Pacific Steel, New Zealand's only long steel manufacturer. Pacific Steel is also the country’s largest metal recycler. Every year, along with its joint venture partner, Sims Pacific Metals, it converts around 300,000 tonnes of scrap metal, including old car bodies, into quality steel products. The chief executive of the division is Mark Malpass.

Building products[edit]

Businesses in the Building Products division manufacture building materials, such as GIB plasterboard, Pink Batts insulation, and steel roof tiles. Many of these products are sold through Fletcher's New Zealand retail division, PlaceMakers. The chief executive of the building products division is Tim Richards.

Laminates and panels[edit]

The Laminates and Panels division includes the Formica business, acquired in May 2007,[2] and the Laminex Group. The chief executive of the division is Paul Zuckerman.

Distribution[edit]

Distribution consists of general building, plumbing and pipelines distribution businesses in Australia and New Zealand. In New Zealand Distributions operations are PlaceMakers and Mico. Distribution's Australia operations include Tradelink Plumbing Centres, a network of more than 200 plumbing trade and retail stores, and the Hudson Building Supplies business.

Construction[edit]

The Construction Division is made up of Fletcher Construction and Fletcher Residential. The chief executive of the construction division is Graham Darlow.

References[edit]

External links[edit]