Synlait to spend $305 million on capex to support growth, identify second site

Tue, 29 Nov 2016

By Fiona Rotherham Nov. 29 (BusinessDesk) - South Island milk processor Synlait Milk has said it will spend a further $305 million on a capital expansion programme over the next three years including investing in a second site which should be identified by the end of the 2017 financial year. At the annual meeting in Christchurch today, chairman Graeme Milne said when the company listed on the NZX three years ago it started a $250 million capital expansion programme to support its value-add growth strategy. The record $34.4 million in prof...

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