Why Bright Dairy is backing Synlait Milk

Why Bright Dairy is backing Synlait Milk
Julia Zhu addresses shareholders at Synlait's special meeting in September. (Image: Synlait)
Riley Kennedy
Outside of some sort of corporate miracle suddenly appearing, Synlait Milk might not have seen this Christmas if it weren’t for Bright Dairy.The Chinese dairy company stumped up more than $300 million in debt and equity; if it hadn't, the Canterbury-based processor could have been in some sort of insolvency process.Where its milk supply would go and who would want its sites in Dunsandel and Pōkeno are, for now at least, hypothetical questions.Julia Zhu told BusinessDesk in Auckland last week that everyone, including Bright, was please...

More Primary Sector

MPI led the Fieldays charge
Primary Sector

Cameron Bagrie: MPI led the Fieldays charge

Fieldays was a class act, once again, with MPI as the lead actor.

Cameron Bagrie 26 Jun 2025
Supply pressure bites processors
Primary Sector

Supply pressure bites processors

All livestock class kills are behind.

Riley Kennedy 26 Jun 2025
Leaving Paris Agreement could hurt farmers
Primary Sector Opinion

Riley Kennedy: Leaving Paris Agreement could hurt farmers

Leaving Paris would damage exports, trash our brand and cost more than it saves.

Riley Kennedy 26 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025