Displaying items by tag: Synlait

Canterbury milk processor Synlait has downgraded its earnings forecast.

A long-running legal battle between milk processor Synlait and New Zealand Industrial Park Limited over historic land covenants on a Pokeno processing site is over.

Is ice cream falling out of favour of major dairy companies in New Zealand?

Canterbury milk processor Synlait has reduced its 2019-20 forecast base milk price by 20c to $7.05/kgMS.

Synlait’s $112 million bid for South Canterbury dairy processor Dairyworks has been given the green light by the Overseas Investment Office.

Despite a decline in half-year profit, Synlait is assuring shareholders it will regain shareholder value. 

Independent milk processor Synlait says Covid-19 has so far had no impact on its financial performance, however the processor remains greatly concerned.

The coronavirus outbreak contributed to Synlait’s decision to issue a wider earnings guidance range.

Canterbury-based milk processor Synlait has downgraded its earnings expectation for the 2020 financial year.

Canterbury-based Synlait Milk has reaffirmed its policy of building no more coal-fired boilers, with the official opening of the country’s first large-scale electrode boiler at its Dunsandel headquarters.