Synlait CEO departs
The first change in Synlait’s management team, since China’s Bright Dairy securing 65% ownership, has been announced.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
The listed company’s share price has dropped to 50c/share, valuing the company at only around $100 million. The share price has been travelling south despite the company working hard to sell off under-utilised assets and reduce debt.
Milking It reckons all this means a takeover bid could be around the corner. Watch out for Bright Dairy of China; it already owns 39% of Synlait and could easily fork out a couple hundred million to buy the company outright.
The Chinese know how to run successful dairy companies in NZ; just look at Westland Milk, which reported a record revenue of over $1b last financial year.
OPINION: Irate Southland farmers are on the money denying anglers access across their land.
Over 400 of New Zealand’s stalwart kiwifruit growers gathered in Mount Maunganui this week for a celebration to recognise three major milestones in the industry’s history.
While unrecorded in New Zealand, Bluetongue, an acute viral disease in ruminants, is endemic in tropical and sub-tropical climates.
She came all the way from a sheep station in Tasmania especially to be presented with the top prize in this year's Massey University agriculture, horticulture and environmental science award.
Massey University is tweaking the format of its agricultural courses.
A second Federated Farmers executive has been elected to the DairyNZ board.
OPINION: Earlier this month, small Waikato milk processor Tatua reminded the country that it’s still number one when it comes…
OPINION: It was only in 2018 that the Chinese Government embarked on a mission to lift domestic milk production and…