Displaying items by tag: Synlait

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.

Facing another year of low payout, Landcorp says it is shifting to lower intensity systems — reducing supplementary feeding and instead focusing on grass.

Canterbury processor Synlait has reported a net profit of $12.4 million for the first half of 2016.

The Hound notes that Fonterra’s head of people, culture and safety, Maury Leyland, left the co-op at the end of the month, citing personal reasons.

Canterbury milk processor Synlait has taken on 28 more milk suppliers to meet growing demand for its value added milk products.

On the Canterbury plains there's a sea change underway in dairying, a challenge of something new.