Synlait's back
OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.
OPINION: Canterbury milk processor Synlait's recovery seems to have hit another snag.
The listed company, majority-owned by China's Bright Dairy, says manufacturing challenges at its Dunsandel plant are going to hit its full-year bottom line.
However, newly appointed chief executive Richard Wyeth remains upbeat.
He says the 2025 full-year result would be a "marked improvement" on last year.
The net loss for the year to the end of July is now forecast to be between $27 million and $40 million, as opposed to a $182m net loss last year.
However, manufacturing challenges at its Dunsandel facility across a range of product segments will result in one-off costs in FY25.
Synlait has faced a slew of problems - from manufacturing overcapacity to a costly spat with its second-largest shareholder and key customer a2 Milk Company.
Wyeth, an industry veteran, is leading Synlait's recovery. He started in the role 10 weeks ago.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.
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