Fletcher carves up steel unit in tough trading environment

Tue, 30 Oct 2012

By Paul McBeth Oct. 30 (BusinessDesk) - Fletcher Building, New Zealand's biggest listed company, has carved up its steel unit, which has struggled in a tough trading environment, to better reflect the industry's changing market demands. The Auckland-based company's long steel and distribution units, comprising of Pacific Steel, CSP Coating Systems, Fletcher Easysteel and Fletcher Reinforcing, will be joined with Fletcher's concrete division in a newly-named infrastructure products business, it said in a statement. The coated steel business,...

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