Synlait Milk Limited

Synlait Milk Limited (Synlait) stands as a prominent figure in New Zealand's dairy processing industry, celebrated for its premium milk and nutritional products. The company is headquartered in Rakaia, New Zealand, and is renowned for its advanced dairy production capabilities.

Location and Facilities

Synlait operates several state-of-the-art facilities across New Zealand that underpin its strong presence in the dairy industry:

• Dunsandel: This facility is renowned for producing infant formula and various other dairy products.
• Pokeno: A modern facility that aids the company's expansion into new dairy product lines.
• Nelson: Specializes in specialty dairy products and serves as a hub for research and development.

Financial Indicators

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

Important Company 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 anticipated to bolster the company's financial strategies and operations. Additionally, there has been a significant leadership transition with the resignation of CEO Grant Watson.

Management Team

• John Penno: CEO, steering the company's strategic growth and direction.
• Andy Liu: Newly appointed CFO, bringing substantial financial expertise.

Company Plans

Synlait has a strategic focus on innovation, sustainability, and market expansion. The company aims to boost production capacity and diversify its product portfolio to address the increasing global demand for high-quality dairy products. Sustainability is also a key focus, with efforts directed towards environmentally friendly practices.

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

Operational Guidance

Synlait Milk Limited (NZX: SML) is encouraging farmers to withdraw cease notices by March 31 to ensure continued milk supply as the company returns to profitability. This action is vital for maintaining its supply chain effectiveness and long-term sustainability.

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

Modified: 2025/04/02

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