Synlait's back
OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.
Synlait milk has doubled its milk powder canning capability with the opening of a $55 million facility at Mangere, Auckland.
The blending and consumer-goods packaging plant can pack 32,000 tonnes annually.
The plant removes the single-site risk inherent in operating the Dundandel plant only.
The company expects demand for consumer packaged products to increase significantly in the near term. A tremendous amount of work has gone into this milestone, says chief executive John Penno.
“We acquired this partially completed facility in May and have done a lot of work to commission it in just over six months.
“We have employed a great team of 30 people to operate the facility and we expect that number to increase to 100 in the coming year as we add additional shifts.”
Synlait is bracing for growth in business with infant formula customers.
“Under the Chinese Food and Drug Administration infant formula rules coming into effect on January 1, 2018 this second site enables us to increase the potential number of our customer brands we can export to China.”
Hawke's Bay teenage entrepreneur Hugo Moffett is helping the rural community access cheaper school uniforms, all without leaving their homes.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
There's been a positive response to the Government's latest move to make freshwater farm plans more practical and affordable.
Massey University has begun trialling the use of superior beef genetics in its two dairy farms as part of Beef + Lamb New Zealand's dairy beef progeny test.
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