Tag Archives: Synlait

A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia’s largest economy. Under the deal, CSF will exclusively import the infant formula and provide government relations and advice, while the Auckland-based company will takeover distribution in China and expand its network, a2 …

Synlait Milk, which plans to take a quarter-stake in Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand, has been granted accreditation to manufacture retail-ready infant formula for export into China. The Rakaia-based milk processor has been notified of its approval by the Certification and Accreditation Administration of the People’s Republic of …

Synlait Milk, the Canterbury-based dairy processor that went public in July, posted a 161 percent jump in full-year profit, beating its prospectus forecast, although infant formula sales missed its target. Profit was $11.5 million in the year ended July 31, from $4.4 million a year earlier, the company said in a statement. Sales rose about 12 percent to $420 million, …

Units of Fonterra Shareholders’ Fund tumbled to the lowest level this year, leading a decline in dairy-related companies on the NZX, amid investor concern earnings will suffer from the discovery of a bacteria contamination in batches of whey protein. Units of the fund, which give investors access to the dividends from Fonterra’s shares, fell 8.6 percent to $6.51, erasing more …

Synlait Milk, the Rakaia-based milk processor which listed last month, says its infant formula products haven’t been caught up in Fonterra Cooperative Group’s botulism scare, and doesn’t expect any long-term impact on its own business. non prescription cialis The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though …

Synlait Milk, which listed on the stock exchange last week, doesn’t expect a minor fire at its Dunsadel plant last night will affect production after all of its automated systems kicked into life. The fire didn’t cause any injuries, nor did it cause any damage to the affected boiler, Rakaia-based Synlait Milk said in a statement. The milk processor doesn’t …

Synlait Milk jumped 19 percent in its NZX debut after raising $75 million in an initial public offering that was restricted to clients of brokers and institutional investors. The shares first traded at $2.62 compared with the IPO price of $2.20. They were last at $2.75, valuing the company at $402 million. Synlait Milk will use the $75 million raised …

China’s Bright Dairy & Food can build its stake in Synlait Milk back up to 41 percent once the dairy processor has joined the stock exchange later this month. The Takeovers Panel granted an exemption to the Synlait Milk shareholder for Bright Dairy to keep its stake at 41 percent by purchasing shares on-market if the initial public offer diluted …