Gore milk processor goes electric
Southland-based Mataura Valley Milk can now lay claim to be the first all-electric dairy factory in New Zealand.
A2 milk producer a2 Milk Company (a2MC) has nearly doubled its stake in Canterbury processor Synlait Milk.
Synlait announced yesterday that a2MC has increased its shareholding in Synlait, from 9.11% to 17.39%.
“The increased investment from a2MC reflects an increasingly close relationship and long-term commitment from both organisations to the continued growth and success of their partnership,” Synlait Milk says.
The announcement came a day after a2MC and Fonterra jointly launched Anchor a2 fresh milk in New Zealand.
The two milk processors are also looking at processing infant formula, butter and cheese from A2 milk. Synlait is the currently the sole manufacturer of A2 infant formula milk powder for a2MC.
Sydney-headquartered a2 bought 14.6 million Synlait shares early last year shares at $3.275 apiece from Dutch dairy processor Royal FrieslandCampina.
The Dutch co-op took a stake in Synlait when it went public in 2013, buying shares at $2.20 apiece in the float, but signalled a change of tack in the investment when it didn't acquire further stock in a capital-raising.
Chinese company Bright Dairy holds a 39% stake in Synlait Milk.
Red meat farmers have dealt a major blow to their umbrella farmer body, Beef + Lamb New Zealand - rejecting an increase in directors’ fees.
The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as possible.
Southland-based Mataura Valley Milk can now lay claim to be the first all-electric dairy factory in New Zealand.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
Meat co-operative Alliance Group has bagged four gold medals at the Outstanding NZ Food Producer Awards, achieving top honours for every cut entered.
There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.
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