Displaying items by tag: A2 Milk Company

Two large milk processing plants in New Zealand are changing hands.

The a2 Milk Company (a2MC) is launching a new round of grants to support projects aimed at enhancing dairy farming sustainability via the a2 Farm Sustainability Fund.

The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.

In a “watershed vote”, Synlait shareholders have approved a recapitalisation plan that hands over control of the listed milk processor to China conglomerate Bright Dairy.

A complaint by Synlait founder John Penno over the listed milk processor’s recapitalisation plan has been dismissed by regulators.

Embattled milk processor Synlait is the latest to increase its forecast base milk price for the 2024/25 season.

A complaint filed by a founder and minority shareholder threatens to derail Synlait’s special shareholders meeting scheduled for September 18.

Synlait is hoping that its proposed recapitalisation plan will help retain its spooked farmer supplier base.

Troubled Canterbury milk processor Synlait has unveiled a recapitalisation plan - offering new shares worth nearly $218 million to its two largest shareholders.

Troubled milk processor Synlait’s second largest shareholders remains coy on how it will vote at a special general meeting on Thursday.