Wednesday, 28 June 2023 13:09

Ringing the changes

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: Troubled Canterbury milk processor Synlait continues to undergo changes.

The listed company recently decided to offload two cheese companies it had only purchased two years ago.

Now, the biggest shareholder - Bright Dairy of China - is ringing changes to its board representatives. It's replacing two of its four board members. Bright Dairy owns 39% of Synlait and the company's financial woes in recent years would be concerning to the Chinese conglomerate.

The company's two new board members will be chief financial officer Liu 'Ryan' Ruibing and vice president Zhu 'Julia' Yi. It has four seats on the Synlait board.

More like this

Takeover bid?

Takeover bid?

OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.

The season for awards - yawn!!

The season for awards - yawn!!

OPINION: It seems every bugger in this country can get an award these days.

Critical industry?

OPINION: There's an outpouring of concern over the parlous state of one of our major industries.

Wrongheaded

OPINION: Food security is a sore point in the UK, as a direct result of its National Food Strategy, and there’s a lesson in this for other food producing nations like NZ: government meddling in farming is a very bad idea!

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Popular Reads

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now…

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Featured

Fonterra cements position as the big cheese!

Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.

NZ dairy processors want Canada to respect rules

New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.

Programme connecting farmers to schools bearing fruit

An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.

2026 will be International Year of the Woman Farmer

The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.

Katrina Roberts is 2024 Fonterra DWOTY

Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.

HortNZ CEO to step down

Horticulture NZ chief executive Nadine Tunley will step down in August.

National

Green but not much grass!

Dairy farmers in the lower North Island are working on protecting next season, according to Federated Farmers dairy chair Richard…

Make vets part of your management team

Farmers are being urged to make their veterinarians an integral part of their farm management team.

Herd production performance soars

New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate…

Council lifeline for A&P Show

Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of…

Struggling? Give us a call

ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.

Machinery & Products

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…

Spot fertiliser applicator keeps costs in check

The Kverneland Pudama principle delivers spot placement of fertiliser in maize, rather than continuous fertiliser placement. As a result, it…

Temporary slurry tanks – cheap, easy to install

With effluent management never far from the thoughts of legislators and farmers becoming increasingly aware of the nutrient values of…

900,000 tractors sold in India

While the average size of a tractor in India is much smaller than in Europe or North America, the market…

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Takeover bid?

OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.

The season for awards - yawn!!

OPINION: It seems every bugger in this country can get an award these days.

» eNewsletter