Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Westland Milk says milk collections have not been affected by the ex-tropical storm Gita, which swept through the upper South Island.
Westland says damage caused by ex-Tropical Cyclone Fehi has halted production at its Hokitika plant.
Westland Milk Products (WMP) chief executive Toni Brendish says the co-op may in future look beyond the cow for the products it makes.
Shareholders of independent milk processor Westland Milk Products have endorsed a package of changes designed to improve and update the cooperative’s governance.
Westland Milk Products (WMP) chairman Pete Morrison says the proposed changes to the governance structure of the cooperative will impose more accountability on the board.
The revenue range/kgMS of New Zealand’s dairy companies is remarkably wide -- from Tatua’s $18.58 to Fonterra’s commodity return of $5.81 -- says a new report on the dairy industry.
Open Country Dairy (OCD) is the benchmark commodity processor and Tatua the benchmark value-added processor, says TDB Advisory.
Mention the words Westland Milk Products and eyebrows are raised and furrows appear on the face. Some say it’s a basket case, others in the know believe it is quite fixable. Time will tell.
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.