Synlait may have been too hasty on Pokeno plant

Sun, 12 May 2019

By Jenny Ruth May 13 (BusinessDesk) - Synlait Milk has landed itself in a right pickle after a Court of Appeal judgment that renders its new Pokeno factory in breach of covenants restricting use of that land to grazing, lifestyle farming and forestry. Synlait jumped the gun, starting earthworks in March last year and starting to build the factory in May when it still only had a conditional contract to buy the land. The key condition was that the vendor, Stonehill Trustees, would get the covenants removed. Once Justice Mark Woolford...

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