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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news