Tenon Limited

Infobox Company
name = Tenon Limited
company_
type = Public company
foundation = 2001 (part of Fletcher Challenge group)
location_city = Auckland
location_country = New Zealand
location =
locations =
key_people = Mark Eglinton (Chief Executive Officer)
Adam White (Chief Financial Officer)
Paul Gillard (General Manager Corporate)
area_served = New Zealand, United States
industry = Construction
products = Building products
services =
revenue = profit NZ$740 million (As of 2007)cite web|url=http://www.tenon.co.nz/articlefiles/Tenonannualresultsfinancials.pdf|publisher=Tenon|title=Tenon Limited annual results June 2007|date=30 June 2007|accessdate=2007-09-13]
operating_income =
EBITDA = profit NZ$20 million (As of 2007)cite web|url=http://www.tenon.co.nz/files/tenon_07_annual_report.pdf|publisher=Tenon|title=Tenon Limited annual results September 2007|date=30 September 2007|accessdate=2008-02-13]
num_employees =
parent =
divisions =
subsid =
slogan = Wood solutions to the world
homepage = http://www.tenon.co.nz
dissolved =
footnotes =
intl = Yes

Tenon Limited (nzx|TEN) is a New Zealand based publicly traded company producing timber products. It was formerly known as Fletcher Forests which was split from the Fletcher Challenge group. The companies main business comprises supplying wood-based building materials to DIY home owners. The year 2007 was a rocky one for the company. Share prices have dropped sharply since the slowing of the US housing market and the sub-prime mortgage disaster. During 2007 Tenons share price has been as high as $3.25 per share but in early 2008 have been as low as $0.75 per share. Difficult trading and operation environments look to continue for Tenon in the short to mid time frame.

Rubicon Forests Limited are the major shareholder controlling a majority 57.37% as at early 2008.

Operations

The company currently operates four plants, producing a variety of wood based products:
* Taupo Sawmill (New Zealand)
* Taupo Mouldings Plant (New Zealand)
* Taupo Boards Plant (New Zealand)
* Ornamental Mouldings Plant (Ontario, Canada)

References

External links

* [http://www.tenon.co.nz/ Tenon Limited website]
* [http://www.nzx.com/market/security_details/by_security?code=TEN Details page on the NZX stock exchange]