fbpx
Print this page
Wednesday, 28 June 2023 13:09

Ringing the changes

Written by  Milking It
Ringing the changes

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

110,000 visitors!

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Sticky situation

Sticky situation

OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.

Suitors line up

OPINION: As Fonterra's divestment of its Oceania and global consumer businesses progresses, clear contenders are emerging.

On the go

OPINION: After hopping from one event to another at Fieldays, Associate Agriculture Minister Andrew Hoggard would have been hoping for a rest.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Popular Reads

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…