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Synlait faces a challenging and confusing future
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interest.co.nzSynlait faces a challenging and confusing future
Reading Time: 5 minutes Synlait is in critical financial trouble, dealing with the consequences of past strategic and operational disasters. It is New Zealand’s joint third largest dairy company, sharing that position with Yili, the owner of Westland and Oceania. But Synlait, in stark contrast to Yili and other New Zealand dairy companies, is in lots of trouble. It has recently been in major contraction mode, selling its North Island assets but …
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