Fletcher Construction
Encyclopedia
Fletcher Construction Limited is a leading New Zealand
construction company. It is owned by Fletcher Building Limited
and has three main divisions:
It is widely recognised in New Zealand, and has participated in various major projects.
, a builder and stonemason from Scotland, began a building business along with his brother William John Fletcher and Englishman Albert Morris. The firm was known as Fletcher Brothers. The first house they built together, in 1909, still stands and is open to the public in Dunedin. 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.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
construction company. It is owned by Fletcher Building Limited
Fletcher Building
Fletcher Building Limited is currently the largest listed company in New Zealand, having recently overtaken Telecom New Zealand, with a market capitalisation of over NZ$4.5 billion...
and has three main divisions:
- Building and interiors (operating nationally)
- South Pacific (offices throughout the region)
- Engineering (cooperates with the other divisions)
It is widely recognised in New Zealand, and has participated in various major projects.
History
In 1908 James Fletcher (senior)James Fletcher (industrialist)
Sir James Fletcher was a New Zealand industrialist who founded Fletcher Construction, one of the country's largest firms. His son, Sir James Fletcher Junior, continued to build the corporation.-Early life:...
, a builder and stonemason from Scotland, began a building business along with his brother William John Fletcher and Englishman Albert Morris. The firm was known as Fletcher Brothers. The first house they built together, in 1909, still stands and is open to the public in Dunedin. The company itself was first registered as a limited liability company
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
in 1919.
In 1925 the company headquarters was moved to Auckland
Auckland
The Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
, 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)
James Muir Cameron Fletcher
Sir James Muir Cameron Fletcher ONZ , often known as Jim or JC Junior, was a New Zealand industrialist known for heading Fletcher Construction, one of the countries' largest firms...
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.
Major projects
Major projects have included:- Te PapaMuseum of New Zealand Te Papa TongarewaThe Museum of New Zealand Te Papa Tongarewa is the national museum and art gallery of New Zealand, located in Wellington. It is branded and commonly known as Te Papa and Our Place; "Te Papa Tongarewa" is broadly translatable as "the place of treasures of this land".The museum's principles...
Museum in WellingtonWellingtonWellington is the capital city and third most populous urban area of New Zealand, although it is likely to have surpassed Christchurch due to the exodus following the Canterbury Earthquake. It is at the southwestern tip of the North Island, between Cook Strait and the Rimutaka Range...
(completed in 1996) - SKYCITY AucklandSKYCITY AucklandSKYCITY Auckland is a casino and event centre in the Central Business District of Auckland, New Zealand. Located at the base of the Sky Tower, it was the second casino in New Zealand, and still is the only one in Auckland....
Convention Centre and Grand Hotel (completed in 1996) - Sky TowerSky TowerThe Sky Tower is an observation and telecommunications tower located on the corner of Victoria and Federal Streets in the Auckland CBD, Auckland City, New Zealand. It is tall, as measured from ground level to the top of the mast, making it the tallest free-standing structure in the Southern...
(completed in 1997) - Westpac StadiumWestpac StadiumWestpac Stadium, is a major sporting venue in Wellington, New Zealand. Due to its shape and silver coloured external walls, it is colloquially known as The Cake-Tin to the locals and other New Zealanders...
in WellingtonWellingtonWellington is the capital city and third most populous urban area of New Zealand, although it is likely to have surpassed Christchurch due to the exodus following the Canterbury Earthquake. It is at the southwestern tip of the North Island, between Cook Strait and the Rimutaka Range...
(completed in 1999) - Manapouri Second Tailrace TunnelManapouri Power StationManapouri Power Station is an underground hydroelectric power station on the western arm of Lake Manapouri in Fiordland National Park, in the South Island of New Zealand...
(completed in 2002) - Upper Harbour BridgeUpper Harbour BridgeThe Upper Harbour Bridge or Greenhithe Bridge is a motorway bridge , which spans over a reach of the Waitemata Harbour and connects Hobsonville and Greenhithe , New Zealand....
in AucklandAucklandThe Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
(completed in 2006) - Rewa BridgeRewa BridgeThe Rewa Bridge is a four lane concrete girder road bridge over the Rewa River joining Suva and Nausori in Fiji. The bridge has a length of , comprising seven internal spans of 49.5 m and end spans of 39.25 m...
in FijiFijiFiji , officially the Republic of Fiji , is an island nation in Melanesia in the South Pacific Ocean about northeast of New Zealand's North Island...
(completed 2006) - Northern Busway, AucklandNorthern Busway, Aucklandthumb|Passengers boarding a [[MAXX Regional Transport]] Northern Express service operated by [[Ritchies Coachlines]].The Northern Busway is a physically separated busway with dedicated park & ride facilities along State Highway 1 in the north of Auckland, New Zealand, linking the North Shore with...
associated infrastructure (completed 2008) - Manukau Harbour Crossing (to be completed 2011)
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.External links
- Fletcher Construction (official company website)