Synlait to double lactoferrin output with $18M investment after securing customer

Wed, 04 Apr 2018

By Jonathan Underhill April 5 (BusinessDesk) - Synlait Milk said it will spend about $18 million to double production of lactoferrin at its Dunsandel plant after securing a multi-year agreement to supply the high-value milk protein. The dairy company didn't identify the customer but said a demand and supply imbalance "is driving global strengthening of lactoferrin prices and demand is notably driven from increasing use of lactoferrin in infant formula, particularly in China." It expects to complete the expansion by October. "As a speci...

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