Displaying items by tag: Synlait

Synlait Milk won the Best Growth Strategy category at the 2016 Deloitte Top 200 Awards last night.

The big dairy processors in New Zealand are lifting payout forecasts for 2015-16 in a further sign of a rebound in global milk prices.

Synlait Milk’s annual meeting of shareholders yesterday highlighted that their record 2016 profit of $34.4 million showed their value added strategy is successful.

South Canterbury milk processor Synlait says its Dunsandel site was not affected by this morning’s earthquakes.

Synlait’s shuttle service removes an estimated 360 cars a week from SH1 / Main South Road, one of Canterbury’s busiest, improving road safety for everyone.

Synlait has successfully completed its pro rata entitlement offer announced on September 19, raising $98 million of new equity.

Synlait has had its strongest year yet, tripling after-tax profit to $34.4 million for the year to July 31.

Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.

Michael Stein, Synlait's general manager quality and regulatory, has accepted the role a quality and food safety director, Asia Pacific, with Danone Nutricia Early Life Nutrition.

Synlait Milk's forecast milk price for the 2016-17 season is $4.50/kgMS.