Displaying items by tag: Synlait

Synlait Milk has revised its forecast of the market milk price for the FY2015 season down from $5/kgMS to $4.40/kgMS; along with a corresponding decrease in advance rates to farmers.

Current dry weather in Canterbury is expected to have little impact on Synlait Milk's milk supply because almost all Synlait suppliers have reliable irrigation water access.

SYNLAIT MILK is intent on selling more to key customers and growing its infant formula and nutritional sales, chairman Graeme Milne told the annual meeting of shareholders last week.

Yesterday's Synlait Milk annual meeting delivered good news for members, with the company showing solid performance for the 2013 financial year.

FOLLOWING THE Canterbury A&P show, the Synlait Boys and Girls Agricultural Club, last week held their own championship day at Canterbury Agricultural Park.

SYNLAIT MILK is now a registered manufacturer of retail-ready infant formula for export to China, following approval from the Certification and Accreditation Administration of the People's Republic of China (CNCA).

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.