Editing Fletcher Challenge

{{Short description|New Zealand based forestry and construction company}}
{{Use New Zealand English|date=November 2024}}
{{primary sources|date=March 2013}}
{{Infobox company
|name             = Fletcher Challenge Limited
|logo             = 
|type             = [[Public company]]
|fate             = Demerged and divested
|defunct          = 2001
|founded          = January 1981 (Merger of [[Fletcher Holdings]] and [[Challenge Corporation]])
|location_city    = [[Wellington]] (1981–1987)<br> [[Auckland]] (1987–2001)
|location_country = [[New Zealand]]
|locations        = <!--# of locations-->
|key_people       = [[James Muir Cameron Fletcher|Sir James Fletcher]]<br>[[Ron Trotter|Sir Ron Trotter]]<br>[[Hugh Fletcher (businessman)|Hugh Fletcher]]
|area_served      = [[New Zealand]]<br>[[Canada]]<br>[[United States]]<br>[[Chile]]
|industry         = Construction, building, building products, energy, forestry, forestry products
|products         = Pulp and paper, timber and timber products, natural gas, oil
|services         = Construction
|revenue          = 
|operating_income = 
|net_income       = 
|num_employees    = 
|parent           = 
|divisions        = [[Fletcher Energy]], [[Fletcher Forests]], [[Fletcher Building]], [[Fletcher Construction]]
|subsid           = 
|caption          = 
|homepage         = 
|footnotes        = 
}}
'''Fletcher Challenge''' was a [[multinational corporation]] from New Zealand. It was formed in 1981 by the merger of [[Fletcher Holdings]], [[Challenge Corporation]] and [[Tasman Pulp and Paper]]. It had holdings in construction, forestry, building, and energy, initially just within New Zealand and then internationally as well, and at one time was the largest company in New Zealand. In 2001 it was split into three companies, Fletcher Challenge Forests, [[Fletcher Building]] (incorporating [[Fletcher Construction]]), and [[Rubicon (New Zealand)|Rubicon]].

==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'']]

==''Battle of the Titans''==
The rise and fall of Fletcher Challenge and some of the principal personalities involved, including [[Hugh Fletcher (businessman)|Hugh Fletcher]] and [[Ron Trotter|Sir Ronald Trotter]] is described in the book ''Battle of the Titans'' by Bruce Wallace.

== Subsidiary companies ==
Subsidiaries were:<ref>{{Cite book|url=https://books.google.com/books?id=d2zsCAAAQBAJ&q=%22Tasman+Lumber%22+Co&pg=PA137|title=Major Companies of The Far East and Australasia 1993/94: Volume 3: Australia and New Zealand|last=Carr|first=Jennifer L.|date=2012-12-06|publisher=Springer Science & Business Media|isbn=9789400903791|language=en}}</ref>

* [[Australian Newsprint Mills]]
* [[UPM (company)#Table of production sites|Blandin Paper]] Co
* Cape Horn Methanol Ltd - bought 1991<ref>{{Cite news|url=https://www.nytimes.com/1991/07/17/business/company-news-henley-group-sells-a-methanol-plant.html|title=COMPANY NEWS; Henley Group Sells A Methanol Plant|last=AP|access-date=2018-05-26|language=en}}</ref>
* Cemac (Hong Kong) Ltd - founded 1971 now in Fletcher Building
*Challenge Deer Ltd
* Challenge Livestock Ltd
* Challenge Properties Ltd - joint venture<ref>{{Cite web|url=http://fletcherarchives.co.nz/companies-history.php?id=27|title=Challenge Corporation Limited|website=fletcherarchives.co.nz|access-date=2018-05-26}}</ref>
* Challenge Realty Ltd - formed 1994 as franchise name<ref>{{Cite web|url=https://www.realestate.co.nz/agent/12134/john-o-donnell|title=John O'Donnell|website=Realestate.co.nz|access-date=2018-05-26}}</ref>
* Challenge Seeds Ltd 1987-1994<ref>{{Cite web|url=https://www.businesscheck.co.nz/ltd/9429032051506/|title=Wrightson Seeds Limited, Christchurch, NZ - Company Info|website=www.businesscheck.co.nz|language=en|access-date=2018-05-26}}</ref>
* Challenge Wool Ltd
* Crown Paper Co Ltd
* Dinwiddie Construction Co
* [[Firth Concrete|Firth Industries Ltd]]
* [[Fletcher Challenge Canada]] Ltd
* Fletcher Challenge Methanol Ltd
* Fletcher Challenge Petroleum Ltd
* Fletcher Construction Australia Ltd
* [[Fletcher Construction]] Co Ltd
* Fletcher Construction Group Ltd
* Fletcher Development & Construction Co Ltd
* Fletcher Homes Ltd
* Fletcher Merchants Ltd
* Fletcher Pacific Construction Co Ltd
* Fletcher Panel Industries Ltd
* Fletcher Steel Sector
* [[Portland, New Zealand#History|Golden Bay Cement]] Co Ltd
* Jennings Group Ltd
* Pacific Coilcoaters Ltd
* [[Pacific Steel (New Zealand)|Pacific Steel]] Ltd
* Petralgas Chemicals NZ Ltd 1980-2005<ref>{{Cite web|url=https://opencorporates.com/companies/nz/36756|title=PETRALGAS CHEMICALS NZ LIMITED :: OpenCorporates|website=opencorporates.com|access-date=2018-05-26}}</ref>
* Petroleum Corporation of New Zealand Ltd
* Pisa-Papel de Imprensa SA
* [[PlaceMakers|Placemakers]] Ltd
* Rural Bank
* Tasman Asia Shipping Co Ltd
* Tasman Chile SA
* [[Tasman Mill|Tasman Forestry]] Ltd
* Tasman Lumber Co Ltd
* [[Tasman Mill|Tasman Pulp & Paper]]
* The Rural Bank Ltd
* UK Paper plc
* William Guppy & Son Ltd
* Winstone Aggregates Ltd
* Winstone Industries Ltd
* Wiremakers Ltd
* Wright Schuchart Inc
* [[PGG Wrightson|Wrightson]]
* Wrightson Bloodstock Ltd
* Wrightson NMA Ltd

==References==
{{Reflist}}

==External links==
* [http://www.fletcherarchives.co.nz/ The Fletcher Trust Archives]
* [https://web.archive.org/web/20050123095052/http://www.fcc.co.nz/ Fletcher Construction]
* [http://www.tenon.co.nz/ Tenon]
* [http://www.rubicon-nz.com/ Rubicon]

{{Authority control}}

[[Category:Fletcher Challenge| ]]
[[Category:Defunct companies of New Zealand]]