Synlait to double lactoferrin output with $18M investment after securing customer
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 cus...
NZ dollar rises above 73 US cents to 3-week high on signs of relative economic health
By Jonathan Underhill April 5 (BusinessDesk) - The New Zealand dollar rose above 73 US cents for the first time in more than a week, and touched a three-week high, as a pickup in consumer confidence, a bigger-than-expected budget surplus and rising property values underlined t...
Winona Capital ups Rodd & Gunn investment as retailer targets North America
By Jonathan Underhill April 4 (BusinessDesk) - Winona Capital, a Chicago-based private equity firm that invests in consumer brands, has put more capital into Rodd & Gunn New Zealand, saying it is "excited" to be supporting the unprofitable clothing chain during its growth phas...
Seeka sells out of Zespri after opposing changes to constitution tying shares to trays
By Jonathan Underhill April 4 (BusinessDesk) - Seeka, New Zealand's biggest kiwifruit grower, has sold out of Zespri Group after opposing constitutional changes at the monopoly export body that tie shareholdings to trays of fruit produced. The changes were approved by more...
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