Synlait Milk has received MPI approval of its risk management programme at its dry blending and consumer packaging plant.

SYNLAIT MILK expects strong global demand for its lactoferrin to continue since it began commercially producing and selling the milk protein earlier this year.

SYNLAIT HAS appointed Mike Lee to the newly created role of general manager sales reporting to the managing director Dr John Penno.

SYNLAIT HAS reduced its forecast net profit after tax by about $7.5 million in this financial year.

SYNLAIT SAYS it expects Synlait Milk to receive registration by the Certification and Accreditation Administration of the People's Republic of China (CNCA) as an exporter of finished infant formula into China.

Synlait Milk has posted a $12.1 million net profit after tax for the first six months to January 31 this year. The result is an increase of $5.3 million on the result for the same period in 2013.

SYNLAIT MILK will build a state-of-the-art full service quality testing laboratory.

SYNLAIT MILK has increased its forecast milk price for the 2014 season from $8kg/MS to a range of $8.30 to $8.40/kg/MS as the result of continuing high international commodity prices.

SYNLAIT MILK expects to outperform financial targets on the basis of a favourable product mix.

IF CHINA’s Shanghai Pengxin takes a 75% slice of Synlait Farms it will be business as usual for the cows and staff on SF’s 13 dairy properties, building on current capacity rather than rushing to add extra area, says the farms’ chief executive.