Synlait triples supply to Chinese firm

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Wellington
Synlait Milk, the NZX-listed milk processor, will triple its infant formula supply with Sichuan-based New Hope Nutritionals over the next five years in a new deal with the Chinese company.
Rakaia-based Synlait’s new arrangement will underpin applications to register New Hope’s Akara and e-Akara brands with the China Food and Drug Administration, building on a three-year relationship where Synlait took a quarter stake in the Chinese infant formula brand.
“The agreed infant formula volumes with New Hope Nutritionals and our other customers will be met by blending and canning capacity at our Dunsandel site and eventually our new Auckland site,” Synlait chief executive John Penno said in a statement.
Synlait has long-standing links with China through its cornerstone shareholder Bright Dairy NZN

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