Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Synlait Milk commits to state of the art full service lab

Synlait Milk commits to state of the art full service laboratory

Synlait Milk has committed to building a state of the art full service quality testing laboratory to further support its position as a supplier of high quality value added ingredients, and infant formula and nutritional products.

The Company’s quality strategy has been to build in-house capabilities to support the testing requirements for the products it produces, however it has now significantly expanded the scope of the proposed laboratory from chemical and physical property testing to include full microbiological testing using the latest technologies.

In addition to the quality testing function there will now also be integrated facilities to support new product development, including the ability to conduct pilot scale trials, as well as allowing for sensory analysis to ensure the needs of the Company’s customers are met.

Synlait Milk Managing Director John Penno says the change in scope will give Synlait Milk greater control over the quality testing process and help ensure it can achieve the ever increasing quality standards required by the world’s most demanding customers. It will also reduce the need for external services and associated costs while reducing turnaround times.

“By building capability in quality management and establishing an on-site ‘Centre of Excellence’ that will be accredited to international standards, the Company will strengthen its reputation with customers and the regulatory bodies governing the markets it serves,” said Mr Penno.

Synlait Milk has also changed the scope of its new administration facility incorporating extra capacity to support growth in the business overtime. This will cement Dunsandel as the long term headquarters for Synlait Milk.

Due to the change in scope of both the quality testing laboratory and the administration facility an additional capital expenditure is required. The Board today approved a total combined cost forecast to be $21.0 million, with a completion date for both facilities now expected to be February 2015.

Recently Synlait Milk announced that due to continued improvements in its financial performance its forecast net profit after tax for FY2014 will be significantly ahead of its prospectus forecast of $19.8 million, and is expected to be in the range of $30.0 to $35.0 million.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

'Irregular Accounting': Voluntary Suspension Of Fuji Xerox Govt Contracting

This suspension gives the Ministry of Business, Innovation, and Employment time to understand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ. More>>

ALSO:

MPI: Cow Disease Detected In NZ For First Time

MPI is responding to the detection of the cattle disease Mycoplasma bovis in a dairy herd in South Canterbury... The disease is commonly found in cattle globally, including in Australia, but it’s the first detection of it in New Zealand. More>>

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO: