Synlait Milk increases working capital facility as manufacturing costs linger

Synlait's new chief executive Richard Wyeth will front his first annual meeting next week. (Image: Synlait)

Fri, 14 Nov 2025

Synlait Milk has temporarily increased its banking facilities by $50 million as it continues to address costs related to its manufacturing challenges.A new revolving credit facility for the dairy processor will be in place from Nov 14 until the end of March next year.It remains in compliance with its banking covenants.In the second half of its financial year, the company experienced “manufacturing challenges” at its Dunsandel site, which resulted in costs of $43.5m.'Related cost impacts'Synlait said, on Friday, a public...

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