Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Not all milk processors in New Zealand are struggling; just look at Westland Milk Products on the West Coast.
Troubled milk processor Synlait Milk won’t find it easy to offload under-utilised South Island assets.
A poor half-year financial result is forcing listed Canterbury milk processor Synlait to carry out “a strategic review” of its North Island assets, including its new plant at Pokeno and blending and canning facility in Auckland.
Listed milk processor Synlait is partnering with rural retailer Farmlands to deliver exclusive discounts to farmer suppliers, who have been battling high farm input costs for the past two years.
One of the world’s largest dairy companies, Nestle is teaming up with Synlait and its 300 farmer suppliers to help fund innovative on-farm emissions reduction tools.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.