Synlait Milk plans factory upgrade to meet demand in China's US$15 billion formula market

Synlait Milk plans factory upgrade to meet demand in China's US$15 billion formula market
By Tina Morrison May 8 (BusinessDesk) -Synlait Milk, which operates the largest purpose built infant formula plant in the southern hemisphere, will spend $15 million to enable its factory to produce more soluble powder for China's expanding US$15 billion market. The move will enable Canterbury-based Synlait to better compete with Dutch-based FrieslandCampina which operates the world's only other factory able to produce lactoferrin as a spray dried powder to pharmaceutical standards. The market for lactoferrin has grown from 45,000 kilograms i...