Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Fletcher Challenge
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==History== The corporation was formed in January 1981 with the mutual merger of Challenge Corporation, Fletcher Holdings and Tasman Pulp and Paper. It was initially based in Wellington's Challenge House,<ref>[http://www.fclarchives.co.nz/item.php?id=37344 The Fletcher Trust Archive - Fletcher Challenge House]</ref> but later moved in 1987 to a new head office in Penrose, Auckland. In 1987 the corporation acquired the [[state-owned enterprise]] [[Petrocorp]], and created the Fletcher Energy division. Fletcher Energy's assets were subsequently sold to [[Royal Dutch Shell|Shell]] New Zealand. In November 1993 Fletcher Challenge's share market listing was split into two shares, the Ordinary Division and Forests Division. The Forests Division consisted of the corporation's wood plantation assets and forestry activities. The Ordinary Division consisted of the corporation's pulp and paper, energy and building assets. In March 1996 the Ordinary Division was split further by creating three new shares - Fletcher Challenge Paper, Fletcher Challenge Building and Fletcher Challenge Energy. This structure lasted three years, until December 1999 when the Board of Directors of the company resolved to dismantle the Fletcher Challenge and establish separate companies. In 2000 the Canadian pulp and paper assets were sold to [[Norske Skog]] to form [[NorskeCanada]]. In 2001 Fletcher Challenge was split into three companies, Fletcher Challenge Forests (later renamed [[Tenon Limited|Tenon]]), [[Fletcher Building]] (incorporating [[Fletcher Construction]]), and [[Rubicon (New Zealand)|Rubicon]]. A September 1996 investment in Central North Island Forest Partnership ended in receivership and is said to have contributed to the break up of Fletcher Challenge.<ref>{{Cite news|url=https://www.nzherald.co.nz/|title=Here lies Fletcher Challenge. RIP|last=Gaynor|first=Brian|date=2001-03-09|work=[[The New Zealand Herald]] |access-date=2018-05-26|language=en-NZ|issn=1170-0777}}</ref> [[Image:Battle of theTitans cover.jpg|right|thumb|''Battle of the Titans'']]
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)