Synlait seals deal with multinational customer

Thu, 05 Nov 2020

Synlait Milk has closed the deal with an as-yet unnamed multinational customer, saying it will manufacture, blend and package nutrition products, including plant-based products.The new customer will use existing capacity at Pokeno and Auckland and Synlait will need to spend $70 million over two years to customise processing and packaging. Production is expected to start in the middle of 2022 and boost earnings in the June 2023 financial year.“Asian markets are experiencing strong sector growth as consumers seek nutritional products that s...

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