Displaying items by tag: Synlait

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.

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.

Last week's approval of a recapitalisation plan for troubled milk processor Synlait is good for Canterbury and gives farmer suppliers a lot of security going forward, says farmer Willy Leferink.

OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.

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.

Synlait farmer suppliers are relieved to see the troubled milk processor on the road to recovery.

Troubled milk processor Synlait has dropped plans to sell its Pokeno milk plant in Waikato. However, it will consider offloading the plant if a “compelling offer” was made.