Synlait says it will exhaust processing facilities within two years
Synlait says it has already invested over a third more than envisaged when it floated in mid-2013 and that it needs to invest another $300 million over the next three years to keep up with demand.
Jenny Ruth Mon, 19 Sep 2016
Milk processor Synlait says it will exhaust its capacity within two years and needs to expand its facilities to meet future growth.
Synlait is planning to raise $98 million from a two-for-nine rights issue to support further investment of about $300 million over the next three years.
That
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