Synlait may need new capital investment to underpin rising infant formula production, analysts say

Fri, 11 Mar 2016

By Fiona Rotherham March 11 (BusinessDesk) - South Island dairy processor Synlait Milk will need to consider investing in expanding its blending/canning facility as early as next year given the rapid growth in A2 infant formula sales and the launch of the Munchkin Grass Fed infant formula range, say First NZ Capital analysts. In a research note ahead of the dairy company reporting its first half results on March 31, First NZ Capital said it didn’t think Synlait would be in a position to be specific on the timing of the build yet, but if i...

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