Displaying items by tag: Synlait

Canterbury milk processor Synlait has come through tough times and is now ready to scale up from a stable base, says its newly confirmed CEO Leon Fung.

Synlait's longest serving employee – a man who joined the Canterbury-based milk processor even before it began processing milk – is now its newest executive.

Canterbury milk processor, Synlait Milk has confirmed Leon Fung as its chief executive officer.

Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.

Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.

OPINION: It seems Canterbury processor Synlait is still in the doldrums.

Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.

A revolving door of chief executives at milk processor Synlait is a warning sign, says Lincon University senior lecturer in agribusiness Nic Lees.

Troubled milk processor Synlait has lost its third chief executive in five years.

Two major acquisitions in the New Zealand dairy sector were completed this week.