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13 Jul 2025 17:03
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  •   Home > News > Business

    Belief South Island dairy processor Synlait has been handed a life line, but not a life saver

    Belief South Island dairy processor Synlait has been handed a life line, but not a life saver


    Shareholders voted 99.6 percent in favour of taking out a 130-million dollar loan, meaning it can meet its debt payment to banks, due on Monday.

    It comes after the company plunged into a 96.2 million-dollar first half loss.

    Synlait supplier Cameron Henderson says Covid-19 and China's lowering birth rate contributed.

    He says the impact on infant formula - as the company's highest valued export - was likely one of several straws breaking the camels back.

    © 2025 Newstalk ZB, NZCity

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     12 Jul: The conference industry's looking to hire more staff, to keep up with an influx of events
     12 Jul: ASB says its offering support to customers who have been impacted by the severe weather
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     Top Stories

    RUGBY RUGBY
    Warriors NRL-W coach Ron Griffiths is backing his rugby union converts to find their feet in this afternoon's match against the Eels at Mt Smart More...


    BUSINESS BUSINESS
    Belief the Government needs to step up, and make urgent changes to the energy market More...



     Today's News

    Rugby League:
    The Warriors lead the Tigers 16-8 at halftime of their NRL league match in Auckland 16:56

    Politics:
    Why top Trump officials are fighting over an Epstein document they say does not exist 16:16

    Rugby League:
    The Warriors women have beaten the Eels 14-nil for their first win of their return NRL-W season 16:16

    Law and Order:
    Championship leader Broc Feeney will start from pole position in today's Supercars race in Townsville 15:56

    Law and Order:
    Hundreds arrested after cannabis farm raid in California 15:26

    Law and Order:
    War medals stolen from the mailbox of a veteran's grandson in Wellsford, north of Auckland, have been returned to their rightful owner 15:26

    Rugby League:
    The Warriors will maintain the same strategy - despite two injury-enforced spine changes for this afternoon's home NRL match against the Tigers 14:56

    International:
    Fast-spreading wildfires force evacuations in parts of the Grand Canyon National Park 14:16

    Environment:
    Some residents remains isolated, as the flood clean up continues in Nelson Tasman 14:06

    Rugby League:
    Warriors hooker Wayde Egan's outlining the subtle differences Tanah Boyd will bring to the NRL league team's spine 13:46


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