Displaying items by tag: Synlait

A former farming leader believes that farmers should be wary that milk processors don't take over management of dairy farms under the guise of scope 3 emissions target.

Former Tatua chief executive Paul McGilvary has been appointed acting chair of troubled milk processor Synlait. McGilvary’s appointment follows the sudden resignation of chair Simon Robertson last week.

OPINION: Could Canterbury milk processor Synlait be a prime candidate for a takeover bid?

Despite being in financial doldrums, Synlait has created a five-year foodservice strategy that will target the Chinese market.

Listed Canterbury milk processor Synlait isn't ruling out more painful news for its shareholders this financial year.

Troubled milk processor Synlait has been dealt another blow with cornerstone stakeholder a2 Milk Company (a2MC) giving notice to pull the plug on an exclusive manufacturing deal.

Synlait has matched Fonterra in delivering a final milk price of $8.22/kgMS for last season.

Troubled Canterbury milk processor Synlait has posted a loss of $4.3 million for 2023 financial year, a major reversal from a $38m profit the previous year.

OPINION: Troubled Canterbury milk processor Synlait continues to undergo changes.

Troubled Canterbury milk processor Synlait has received a boost with Chinese authorities giving the company the green light to manufacture and export infant formula for the next four years.