Fletcher Building
 | |
| Type | Public company |
|---|---|
| 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] |
| Net income | $185 million [FY2012] |
| Employees | Approx 18,600 globally |
| Subsidiaries | Fletcher Construction |
| Website | fletcherbuilding.com |
Fletcher Building Limited (NZX: FBU, ASX: FBU) 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
The company operates in five divisions: Infrastructure Products, Building Products, Laminates & Panels, Distribution and Construction.[1]
Infrastructure Products
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
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 & Panels
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
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
The Construction Division is made up of Fletcher Construction and Fletcher Residential. The chief executive of the construction division is Graham Darlow.
References
External links
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