Synlait Milk to spend $260m on new site - News Summed Up

Synlait Milk to spend $260m on new site


Synlait is looking to ramp up the production of nutritional powder with the second factory. Photo: NZ HeraldSynlait Milk has conditionally bought a site in Pokeno in Waikato where it plans to spend $260 million developing its second nutritional powder manufacturing factory. The first dryer at the Pokeno site is expected to have an annual capacity of 40,000 metric tonnes, matching dryer three at its Dunsandel site. Last November, Synlait said it was looking to buy land in the North Island to develop a second manufacturing site. That deal prompted a joint release from a2 and Synlait stating the new relationship doesn't change Synlait's exclusive infant formula supply arrangements with a2.


Source: Otago Daily Times February 26, 2018 21:45 UTC



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