Synlait Milk Limited: A New Zealand Dairy Industry Leader

Synlait Milk Limited is a distinguished entity in New Zealand's dairy processing industry, renowned for producing high-quality milk and nutritional products. Headquartered in Rakaia, New Zealand, the company is celebrated for its advanced production capabilities.

Location and Facilities

Synlait operates several cutting-edge facilities across New Zealand, which solidify its strong presence in the dairy industry:

• Dunsandel: Known for producing infant formula and various other dairy products.
• Pokeno: A modern facility that supports Synlait's expansion into new dairy product lines.
• Nelson: Focuses on specialty dairy products and serves as a center for research and development.

Financial Indicators

In the fiscal year 2023, Synlait achieved a revenue of approximately NZD 1.3 billion with a net income of around NZD 50 million. These results reflect the company's strong market presence and operational efficiency.

Recent Important Events

A notable recent event for Synlait was the appointment of Andy Liu as Chief Financial Officer (CFO) on August 14, 2024. This leadership change is expected to strengthen the company's financial strategies and operations. Additionally, there was a significant leadership transition with the resignation of CEO Grant Watson.

Management Team

• John Penno: CEO, leading the company's strategic growth and direction.
• Andy Liu: Newly appointed CFO, providing substantial financial acumen.

Company Plans and Strategic Outlook

Synlait is committed to innovation, sustainability, and market expansion. The company aims to increase production capacity and diversify its product range to meet the growing global demand for high-quality dairy products. Sustainability is a core focus, with initiatives aimed at promoting environmentally friendly practices.

The strategic outlook for Synlait includes expanding its market share in Asia and North America through partnerships and direct sales channels. Ownership dynamics are also evolving, with Bright Dairy of Shanghai set to become the majority shareholder, heralding significant changes.

Operational Guidance and Supply Chain Management

Synlait Milk Limited (NZX: SML) is encouraging farmers to withdraw cease notices by March 31 to ensure a continuous supply of milk as the company moves back towards profitability. This action is crucial for maintaining the effectiveness of its supply chain and ensuring long-term sustainability. Synlait has reached a milestone in securing its future milk supply, as most cease notices have now been withdrawn.

For further information, please visit Synlait's official website.

Modified: 2025/05/09

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