Synlait Milk has reaffirmed its milk price forecast of $6.50/kgMS for the 2017-18 season.

Milk processor Synlait has opened a new $37 million Wetmix kitchen, doubling infant formula production at its Dunsandel plant.

Synlait founder and chief executive John Penno intends to step down from his position in the next 12 months, as part of an orderly transition to position the Canterbury milk processor for its next phase of growth.

Synlait milk has doubled its milk powder canning capability with the opening of a $55 million facility at Mangere, Auckland.

A programme, run by independent milk processor Synlait to encourage best practice farming, has been recognised by Environment Canterbury.

Canterbury milk processor Synlait is looking to expand into own-branded consumer products after posting a record net profit.

Canterbury milk processor Synlait has reported a record net profit of $38.2 million for year ending July 2017.

Canterbury milk processor Synlait has announced a new supply agreement with New Hope Nutritionals for production of their infant formula brands.

Synlait has cut its forecast farmgate milk price for the 2016-17 season by 10c to $6.15/kgMS.

Canterbury milk processor Synlait has followed Fonterra in announcing an opening milk price of $6.50/kgMS for the new season.