Fletcher Building says it plans to increase supply over the next few months and believes the plasterboard market will come back to equilibrium by October.
In documents released ahead of its investor day, the company says supply will increase by 10 percent in the next four months, after it reconfigured its factory, increased imports and issued royalty-free licenses to 10-parties to import foreign made plasterboard, which might breach its trademark.
It comes as the government has established a taskforce to look at alternatives to GIB board, which makes up 95 percent of the market. RNZ business reporter Nicholas Pointon.
