Synlait boosts supply deal with Chinese formula brand New Hope Nutritionals

Tue, 15 Aug 2017

By Paul McBeth Aug. 16 (BusinessDesk) - Synlait Milk, the NZX-listed milk processor, will triple its infant formula supply with Sichuan-based New Hope Nutritionals over the next five years in a new deal with the Chinese company. Rakaia-based Synlait's new arrangement will underpin applications to register New Hope's Akara and e-Akara brands with the China Food and Drug Administration, building on a three-year relationship where Synlait took a quarter stake in the Chinese infant formula brand. "The agreed infant formula volumes with N...

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