Game on in the fight between major milk processors Synlait and Fonterra over supply

Game on in the fight between major milk processors Synlait and Fonterra over supply
Synlait's chief executive Grant Watson wants to hold on to some milk supplies. (Image: supplied)
Riley Kennedy
“It’s game on.”That’s how Grant Watson, chief executive of the embattled Synlait Milk, describes the fight for milk supply.The Canterbury-headquartered processor reported a $182.1 million loss on Monday following a difficult year for the business after it needed a bailout from its two largest shareholders to repay debt.That bailout, in the form of a capital raise, takes effect on Tuesday and will mean Bright Dairy increases its stake in Synlait to 65%.It allows for its new refinancing deal to take effect and finally sett...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025