Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
South Canterbury milk processor Synlait says its Dunsandel site was not affected by this morning’s earthquakes.
Synlait’s shuttle service removes an estimated 360 cars a week from SH1 / Main South Road, one of Canterbury’s busiest, improving road safety for everyone.
Synlait has successfully completed its pro rata entitlement offer announced on September 19, raising $98 million of new equity.
Synlait has had its strongest year yet, tripling after-tax profit to $34.4 million for the year to July 31.
Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.
Michael Stein, Synlait's general manager quality and regulatory, has accepted the role a quality and food safety director, Asia Pacific, with Danone Nutricia Early Life Nutrition.
Facing another year of low payout, Landcorp says it is shifting to lower intensity systems — reducing supplementary feeding and instead focusing on grass.
The Hound notes that Fonterra’s head of people, culture and safety, Maury Leyland, left the co-op at the end of the month, citing personal reasons.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.