Displaying items by tag: GRANT WATSON

Milk processor Synlait’s half-year numbers paint a gloomy picture.

One of the world’s largest dairy companies, Nestle is teaming up with Synlait and its 300 farmer suppliers to help fund innovative on-farm emissions reduction tools.

Despite being in financial doldrums, Synlait has created a five-year foodservice strategy that will target the Chinese market.

Troubled Canterbury milk processor Synlait has posted a loss of $4.3 million for 2023 financial year, a major reversal from a $38m profit the previous year.

Despite a big drop in its half year profit Synlait Milk says there are a number of bright spots as reduced demand sees it extend out its recovery from two to three years.

Synlait's new chief executive Grant Watson says dairy commodity prices have strengthened significantly as strong global demand hs outrun restricted supply.

Six months after welcoming a new chief executive, Maori-owned milk processor Miraka has had to start a new search for a leader.

Two small milk processors are joining forces to develop more niche products for both local and overseas markets.

Troubled milk processor Synlait will have a new chairman and chief executive officer by 2022.

Farmers supplying milk to Taupo-based dairy company Miraka continue to excel when it comes to on-farm practices.