a2MC eyes own processing plant, more Chinese labels
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Canterbury milk processor Synlait has announced a new supply agreement with New Hope Nutritionals for production of their infant formula brands.
Synlait says the arrangement will provide certainty of supply for both companies over five years.
New Hope Nutritionals is a joint venture between New Hope Group and Synlait Milk Ltd.
“This supply agreement has clarified our infant formula partnership with New Hope Nutritionals for the near future, allowing both of us to plan with confidence,” managing director John Penno says. “The agreement secures a threefold increase from current volumes over the five year period.”
He adds the agreement will also underpin applications to register New Hope Nutritionals’ Akara and e-Akara infant formula brands with the China Food and Drug Administration (CFDA).
Synlait says its infant formula volumes with New Hope Nutritionals and other customers will be met by blending and canning capacity at the company’s Dunsandel site and eventually at its new Auckland plant.
Departing Fonterra director Leonie Guiney is urging the next generation of co-operative farmers to step up and be there to lead in future.
A work in progress is how Farmlands chair Rob Hewett describes the rural trader's 2024 annual results.
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New DairyNZ chair Tracy Brown says bipartisan agreement among political parties on emissions pricing and freshwater regulations would greatly help farmers.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
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