Wednesday, 23 August 2017 14:55

New hope for Synlait deal

Written by 
John Penno. John Penno.

Canterbury milk processor Synlait has announced a new supply agreement with New Hope Nutritionals for production of their infant formula brands.

Synlait says the arrangement will provide certainty of supply for both companies over five years.

New Hope Nutritionals is a joint venture between New Hope Group and Synlait Milk Ltd.

“This supply agreement has clarified our infant formula partnership with New Hope Nutritionals for the near future, allowing both of us to plan with confidence,” managing director John Penno says. “The agreement secures a threefold increase from current volumes over the five year period.”

He adds the agreement will also underpin applications to register New Hope Nutritionals’ Akara and e-Akara infant formula brands with the China Food and Drug Administration (CFDA).

Synlait says its infant formula volumes with New Hope Nutritionals and other customers will be met by blending and canning capacity at the company’s Dunsandel site and eventually at its new Auckland plant.

 

More like this

Synlait lauds suppliers

High performing suppliers to Synlait, Canterbury, were honoured at an awards ceremony at the annual supplier conference in Christchurch in July.

Pokeno land dispute reaches Supreme Court

Canterbury milk processor Synlait says it has filed an application for leave to appeal to the Supreme Court in relation to the removal of land covenants on its Pokeno land.

Opening milk price welcomed

Fonterra's wide forecast payout for this new season will make farmers happy, says Federated Farmers Waikato president Andrew McGiven.

 
 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

No idea!

This old mutt was flabbergasted at the reaction by some mainstream (lamestream) media to the news that Todd Muller would…

Good point

A mate of the Hound’s, recently back home in Wakefield, Nelson following a month in Christchurch for medical treatment, reckons…

» Connect with Rural News