Displaying items by tag: Synlait

South Canterbury milk processor Synlait Milk's shares jumped 58c shortly after its launch on the NZ Stock Exchange today.

Federated Farmers believes the 7.5% shareholding in Synlait taken by FrieslandCampina Investments Holding BV1, a subsidiary of Dutch Dairy Cooperative giant FrieslandCampina, could shake-up the New Zealand dairy industry.

Synlait Milk has set a final price of $2.20 per ordinary share to be offered to institutions and selected NZX firms in its Initial Public Offering (IPO) which opens today (July 9).

Synlait Milk plans to raise $75 million new primary capital and will also hold a secondary sell down set at about $45 million.

Michael Stein, a former director of quality for one the world's leading companies in paediatric nutrition, will join Synlait Milk as general manager quality later this month.

A focus on relationships with some of China's leading dairy brands is earning accolades for Canterbury's Synlait Milk Ltd (Synlait).

SYNLAIT MILK is to spend $15 million on upgrading its special milks drier at Dunsandel to further tap the $15 billion a year demand for infant formula in China.

SUPPLIERS TO Synlait Milk can earn 6c/kgMS more for their milk next season, and possibly 12c/kgMS after that, if they achieve new, internationally accredited assurance standards.

Canterbury-based dairy enterprise Synlait Farms clinched the Lincoln University Foundation's South Island Farmer of the Year competition for 2012 last night (Thursday, November 8).

Canterbury-based dairy enterprise Synlait Farms clinched the Lincoln University Foundation's South Island Farmer of the Year competition for 2012 last night (Thursday, November 8).