Displaying items by tag: Synlait

Canterbury milk processor Synlait is confident of retaining its farmer supplier base following a turnaround in its financial performance.

Canterbury milk processor Synlait Milk has lifted its forecast base milk price for the season by 50c to $10/kgMS.

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

OPINION: The abrupt departure of Synlait chief executive Grant Watson could be a sign that Chinese company Bright Dairy, the new majority owner of the listed company, is taking charge.

Former Synlait chief executive Grant Watson says the past two years have been quite the journey.

Canterbury milk processor Synlait says some farmer suppliers have been inquiring about the process to remove their cessation notices, handed in earlier this year.

The first change in Synlait’s management team, since China’s Bright Dairy securing 65% ownership, has been announced.

Canterbury milk processor Synlait has lifted its forecast base milk price for the 2024/2025 season to $9/kgMS.

Milk processor Synlait is offering a one-off payment of 20c/kgMS to retain South Island suppliers, many of whom issued cessation notices to the company this year.

"Disappointing" - that’s how Synlait chief executive Grant Watson describes the company’s full-year financial results.