Processing milk in North Island was ‘killing us’, Synlait chair says

Synlait North Island site. (Image: NZME)

Tue, 10 Sep 2024

Cutting processing at Synlait Milk’s Pōkeno plant will allow the company to stop “destroying” shareholder value and get the troubled site on a pathway towards profitability, the chair says.From this week, the milk from 54 dairy farms supplying Synlait in the North Island will be processed by Open Country Dairy. The cash-strapped processor is focusing its plant south of Auckland on advanced nutrition products that do not require raw milk.At its half-year results in April, the processor launched a strategic review of its North I...

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