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Fletcher Building
Fletcher Building Limited is one of the largest listed companies in New Zealand, with a market capitalisation of nearly NZ$4 billion. The company was split from Fletcher Challenge in 2001, formerly New Zealand's largest business and multinational.
With around 14,000 employees globally and over 34 business units operating under the Fletcher Building banner, the company is Australasia's largest building materials supplier. Andrew Reding started as Group Chief Executive Officer and Managing Director in August 2024.
The company operates in six divisions: building products, distribution, concrete, residential and development, construction, and Australia.
Fletcher's retail operations date back to its first building supply site in Dunedin in 1910.
PlaceMakers has been the main trading brand for Fletcher Distribution's retail stores around the country since 1954. The chain has 62 stores in 2019, up from 52 in the late 1990s and early 2000s. PlaceMakers has 11 stores in Auckland, with a head office in Penrose, Auckland.
Fletcher operated the Building Depot retail chain until 2003. It had 10 stores, including five in Auckland. Fletcher sold the chain to entrepreneur Mark Taylor in 2003 and two of its Auckland stores were closed. Building Depot went into receivership in 2004.
The New Zealand International Convention Centre fire occurred on 22nd of October 2019 when cardboard below the roofing cap sheet began smoldering after being ignited by a worker's blowtorch. The resulting fire engulfed much of central Auckland, closing the entire Sky City precinct including the Sky Tower, and left four people injured due to the fire and billowing smoke. The fire had a major impact on Fletcher Building which may ultimately be difficult to fully quantify with costs estimated in the hundreds of millions, and ultimately precipitated Fletcher Building discontinuing their 'verticals' arm of Fletcher Construction.
In early June 2025, the SkyCity Entertainment Group sued Fletcher Building and its sister company Fletcher Construction for the sum of NZ$330 million on the grounds that the companies had taken ten years instead of three years to build the New Zealand International Convention Centre at SkyCity Auckland. SkyCity sought damages for losses incurred by the company caused by ongoing delays from the completion of the project, including damages resulting from the New Zealand International Convention Centre fire in 2019. In response, Fletcher Building said that it rejected breaching its contract with SkyCity and would contest the lawsuit.
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Fletcher Building
Fletcher Building Limited is one of the largest listed companies in New Zealand, with a market capitalisation of nearly NZ$4 billion. The company was split from Fletcher Challenge in 2001, formerly New Zealand's largest business and multinational.
With around 14,000 employees globally and over 34 business units operating under the Fletcher Building banner, the company is Australasia's largest building materials supplier. Andrew Reding started as Group Chief Executive Officer and Managing Director in August 2024.
The company operates in six divisions: building products, distribution, concrete, residential and development, construction, and Australia.
Fletcher's retail operations date back to its first building supply site in Dunedin in 1910.
PlaceMakers has been the main trading brand for Fletcher Distribution's retail stores around the country since 1954. The chain has 62 stores in 2019, up from 52 in the late 1990s and early 2000s. PlaceMakers has 11 stores in Auckland, with a head office in Penrose, Auckland.
Fletcher operated the Building Depot retail chain until 2003. It had 10 stores, including five in Auckland. Fletcher sold the chain to entrepreneur Mark Taylor in 2003 and two of its Auckland stores were closed. Building Depot went into receivership in 2004.
The New Zealand International Convention Centre fire occurred on 22nd of October 2019 when cardboard below the roofing cap sheet began smoldering after being ignited by a worker's blowtorch. The resulting fire engulfed much of central Auckland, closing the entire Sky City precinct including the Sky Tower, and left four people injured due to the fire and billowing smoke. The fire had a major impact on Fletcher Building which may ultimately be difficult to fully quantify with costs estimated in the hundreds of millions, and ultimately precipitated Fletcher Building discontinuing their 'verticals' arm of Fletcher Construction.
In early June 2025, the SkyCity Entertainment Group sued Fletcher Building and its sister company Fletcher Construction for the sum of NZ$330 million on the grounds that the companies had taken ten years instead of three years to build the New Zealand International Convention Centre at SkyCity Auckland. SkyCity sought damages for losses incurred by the company caused by ongoing delays from the completion of the project, including damages resulting from the New Zealand International Convention Centre fire in 2019. In response, Fletcher Building said that it rejected breaching its contract with SkyCity and would contest the lawsuit.