Substitute for cow's milk?
OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a radical effect on the dairy industry.
OPINION: Synlait's financial woes won’t be going away anytime soon.
The company is looking at divestments of its Pokeno plant and a canning operation in Auckland to raise capital and reduce debt.
While other dairy companies are making money despite tough economic conditions, where did Synlait go wrong?
For one, they spent millions on investments and then realised that they won’t generate as much profitability per dollar of capital that they invested.
A case in point is the $70 million they ploughed in to fit out Pokeno to manufacture plant-based milk. No other milk processor in NZ thought it fit to make such an investment. Poor investment decisions are coming back to bite Synlait.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Atiamuri farmers Paul and Lesley Grey never gave up their dream of owning their own farm – and in 2020, that dream came true.