Synlait says big spending days are behind it as it focuses on making money - News Summed Up

Synlait says big spending days are behind it as it focuses on making money


Synlait Milk has spent up big over the last couple of years, investing $555 million to diversify its products, manufacturing sites and customers, and it's now turning its focus to making money from that outlay. “We have been spending a lot of money over the last two to three years,” said chief executive Leon Clement. Supplied/Supplied Synlait expanded its product range beyond infant formula to include liquid milk and cream, cheese and plant-based milk. Supplied/Supplied Synlait chief executive Leon Clement says it’s time to start delivering on its investments. We see ourselves as believing in the nutritional vector of milk, not necessarily just bovine milk.


Source: Stuff November 10, 2020 15:56 UTC



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