FLETCHER CONSTRUCTION

'Fletcher Construction Limited' is a leading New Zealand construction company.^[1]
It is owned by Fletcher Building Limited and has three main divisions:

★ Building and interiors (operating nationally)

★ South Pacific (offices throughout the region)

★ Engineering (cooperates with the other divisions)

Contents

History

Recent projects

Outlook

References

External Links

History

In 1908 James Fletcher (senior), a builder and stonemason from Scotland, began a building business along with his brother and Englishman Albert Morris. The firm was known as Fletcher Brothers^[2]. The first house they built together, in 1909, still stands and is open to the public in Dunedin^[3]. The company itself was first registered as a limited liability company in 1919.
In 1925 the company headquarters was moved to Auckland, and in 1940 Fletcher Construction became a subsidiary of the Fletcher Holdings group, which listed on the share market that year. In 1942, following the resignation of his father to help New Zealand's war effort, James Fletcher (junior) became Managing Director of the company. James Fletcher junior placed a greater emphasis on the firms building products manufacturing divisions, with Fletcher Construction retaining the core construction business.^[4]

Recent projects

Various recent major projects have included:^[5]

★ Sky City, Auckland (Convention Centre and Grand Hotel)

★ WestpacTrust Stadium

★ Te Papa Museum, Wellington

★ Upper Harbour Bridge, Auckland

★ Rewa Bridge, over the river Rewa in Suva, Fiji^[6]

Outlook

The company had after-tax earnings of $NZ 379 million in 2006. The good performance was attributed by the company to successful investments in the United States, Malaysia, Hong Kong and the Pacific Islands, and it announced that it easily had up to $NZ 1.5 billion scope to further expanding globally, and was expecting to announce new acquisitions soon. As the company expands, 42 per cent of its sales were now outside of New Zealand. ^[7].

References

1. ''Red ink reins in builder Mainzeal'' - ''New Zealand Herald'', Monday 06 March 2006
2. University of Auckland Business History Project - Fletcher Challenge
3. THE FLETCHER HOUSE
4. Sir James Fletcher, the mild-mannered man of steel Graeme Hunt
5. Fletcher Construction (from the Fletcher Building homepage)
6. ''High-Tech Bridge Buildings Hits Fiji'' - ''e.nz magazine'', IPENZ, July/August 2007, Page 21
7. ''Fletcher builds up to big result'' - ''New Zealand Herald'', Wednesday 15 November 2006

External Links

★ Fletcher Construction (official company website)