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Thursday 09 December 2021

Synlait

Synlait’s Talbot Forest Cheese in brand push 8th December 2021 /

Synlait’s Talbot Forest Cheese in brand push

Synlait’s speciality cheese business, Talbot Forest Cheese, has launched a new brand campaign following a packaging redesign.


Synlait, Danone partner on $3.8m regenerative project 6th December 2021 /

Synlait, Danone partner on $3.8m regenerative project

The initiative with AgReseach seeks evidence that regenerative practices can make a positive difference in sustainable food production.


Synlait’s total GHG emissions rise, but fall per tonne of product 1st December 2021 /

Synlait’s total GHG emissions rise, but fall per tonne of product

Synlait Milk saw its total greenhouse gas emissions rise in the year to July 2021 but it fell significantly per product tonne for both its on- and off-farm work.


Synlait Swappa Bottle supermarket pilot starts 5th October 2021 /

Synlait Swappa Bottle supermarket pilot starts

Consumer demand and the bedding down of new processes will dictate the next steps following the four-week trial.


A closer look: Synlait shutters Talbot Forest factory for two years 28th September 2021

A closer look: Synlait shutters Talbot Forest factory for two years

The loss-making speciality cheese plant is to close until FY24 after dragging down Synlait’s consumer food division.


Synlait posts $28.5m loss,  taps Grant Watson to be new CEO 27th September 2021

Synlait posts $28.5m loss, taps Grant Watson to be new CEO

Miraka’s boss will join struggling Synlait in January to try and bring the dairy business back into the black by FY23.


Synlait signs $30m S&L deal 9th September 2021 /

Synlait signs $30m S&L deal

Synlait Milk has sold its Auckland premises at Richard Pearce Drive for $30.05m and will lease back the property.


Synlait looks for 150 layoffs to save up to $12m 8th September 2021

Synlait looks for 150 layoffs to save up to $12m

The move to “review and reset the structure of the business” could see as many as 150 jobs go at the dairy company.


A2 Milk, Synlait to be removed from S&P/ASX indices 7th September 2021 /

A2 Milk, Synlait to be removed from S&P/ASX indices

A quarterly review of all shares in the ASX to recalibrate the S&P Dow Jones Indices has seen New Zealand dairy companies A2 Milk and Synlait earmarked for removal from separate lists.


Dairyworks’ Tim Carter: “We’re acting like there is Delta in the South Island” 27th August 2021 /

Dairyworks’ Tim Carter: “We’re acting like there is Delta in the South Island”

The Canterbury-based company has stood up a raft of ever more stringent measures to protect against the latest outbreak.


Synlait strikes debt deal with banks 3rd August 2021

Synlait strikes debt deal with banks

Synlait Milk has agreed terms to restructure its maturing debt pile following discussions with its banking syndicate after it secured a waiver for relevant FY21 covenants.


Synlait sticks by FY21 guidance despite suppliers suffering flood damage 3rd June 2021 /

Synlait sticks by FY21 guidance despite suppliers suffering flood damage

The Canterbury company says it has been challenging getting its tankers to suppliers.


Synlait hikes milk price forecast 1st June 2021

Synlait hikes milk price forecast

Synlait Milk has increased its forecast base milk price for the 2020/2021 season by 35 cents to $7.55 kgMS.


Synlait’s outlook sours with up to $30m loss forecast 24th May 2021

Synlait’s outlook sours with up to $30m loss forecast

The dairy company now forecasts a full year loss of between $20m – $30m in 2021.


Synlait scrambles after third exec resigns 17th May 2021 /

Synlait scrambles after third exec resigns

CFO’s departure follows that of chief executive Leon Clement and director of operations Mark Toomey.


Synlait tightens emissions targets 30th April 2021 /

Synlait tightens emissions targets

Synlait Milk has reset its 2018 inaugural emissions reduction targets.


Synlait launches premium product,  lines up Asian customer 29th April 2021

Synlait launches premium product, lines up Asian customer

The dairy company says its new premium ingredients offering is for consumers seeking “sustainably, ethically and equitably produced” products.


Synlait, A2 sell-off follows Clement resignation 13th April 2021 /

Synlait, A2 sell-off follows Clement resignation

The dairy companies saw share prices slip following news that Synlait’s boss is leaving.


Synlait CEO resigns 13th April 2021 /

Synlait CEO resigns

Leon Clement will leave the listed dairy company at the end of April.


Synlait interim profit plunges 76%, outlook remains uncertain 29th March 2021

Synlait interim profit plunges 76%, outlook remains uncertain

Significant Covid-19 induced uncertainty and volatility will continue, says the milk powder producer.


Synlait loses ops director back to Australia 23rd March 2021 /

Synlait loses ops director back to Australia

Mark Toomey has resigned from the specialist diary company after just over a year in the role.


Synlait water results slip in second sustainability report 3rd December 2020

Synlait water results slip in second sustainability report

The dairy giant’s so called off-farm water results have moved away from 2028 targets.


Synlait completes $200m raise 1st December 2020

Synlait completes $200m raise

The dairy company successfully raised the money after closing an oversubscribed $20m share purchase plan.


Synlait bets on diversification to build value 26th November 2020 /

Synlait bets on diversification to build value

Diversifying its product ranges, customers and target markets has created a more sustainable business, says Synlait chief executive Leon Clement.


$180m Synlait placement oversubscribed 12th November 2020

$180m Synlait placement oversubscribed

Synlait Milk has added $180m to its coffers after successfully completing a discounted share placing.


Synlait targets $200m in equity raise 11th November 2020

Synlait targets $200m in equity raise

The company will use the money to complete its investment strategy, pay down debt, and strengthen its balance sheet.


Synlait share trading stops for expected capital raise 10th November 2020

Synlait share trading stops for expected capital raise

Synlait Milk has stopped the trading of its shares in both New Zealand and Australia ahead of an announcement of a significant capital raise.


Synlait reveals new deal with mystery multinational customer 6th November 2020

Synlait reveals new deal with mystery multinational customer

Synlait Milk says it has signed a new manufacturing supply deal with “an established, global category leader” but it has not named its new customer.


Zespri, Synlait finalists in Deloitte Top 200 2nd November 2020 /

Zespri, Synlait finalists in Deloitte Top 200

Zespri and Synlait have been named as finalists in the Deloitte Top 200 Awards for 2020. The kiwifruit co-op has been nominated for two awards, Company of the Year and MORE »


Synlait targets consolidation ahead of growth, board chair to exit 28th October 2020

Synlait targets consolidation ahead of growth, board chair to exit

Synlait Milk has set the course for a year of consolidation following a period of substantial investment.