* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

A2 Milk cancels exclusive supply agreement with Synlait

September 18, 2023
in Business
A2 Milk cancels exclusive supply agreement with Synlait
Share on FacebookShare on Twitter

Navigation for News Categories

AUCKLAND, NEW ZEALAND - APRIL 29:  The new milk product known as A2 the

Photo: Getty Images

Dairy company A2 Milk has cancelled its exclusive supply agreement with specialty milk producer Synlait after its delivery fell “below the level required for Synlait to maintain such exclusive rights”.

A2 Milk (a2MC) informed Synlait after the market closed last Friday, claiming that it had not performed to the necessary standard during 2023 to justify having exclusive supplier status for the supply of infant formula products to China.

“The manufacturing and supply agreement between Synlait and a2MC … will remain in place notwithstanding removal of exclusivity and Synlait remains an important supplier of a2MC,” chief executive David Bortolussi said.

Synlait share trading was halted for five hours as it considered a2MC’s statement, after which it rejected the cancellation.

“Synlait disputes that the a2 Milk Company has the right to cancel the exclusivity arrangements,” it said in a statement to the NZX.

Synlait shares slumped close to 8 percent to a lifetime low of $1.18 when trading resumed.

Synlait emphasised that its exclusivity remained until the dispute was settled.

Synlait had a base supply agreement with a2 Milk that could only be terminated with three years notice, and its Dunsandel plant was officially licensed by Chinese authorities to manufacture a2 Milk products, Synlait said.

The companies have a disputes procedure involving good faith negotiations, and arbitration will occur if no resolution is reached.

Consistent with A2’s strategy – analyst

Forsyth Barr senior equities analyst Matt Montgomerie said it was difficult to know why A2 decided to cancel the exclusive agreement, however it may have been indicative of an eroded relationship between the companies.

“It’s been evident in market releases from both companies over the last 12 months, it appears on the outside looking in that the relationship hasn’t been as strong as what it has been historically,” he said.

“It appears… that A2’s looking to go out elsewhere, should things not turn around or the ownership structure change.”

Montgomerie said A2 Milk’s announcement was no surprise as the company looked to get greater control of its supply chain and access another licence to produce its China Label product.

He noted A2 Milk owned the loss-making Mataura Valley Milk in Southland, which in time might be an alternative producer of its products.

Synlait under pressure

Synlait’s business with A2 Milk provides about a third of its earnings, but it said there would be no financial impact for the year just finished. It reconfirmed it expected annual results between a loss of $5m and a profit of $5m.

“The a2 Milk Company’s announcement is also not expected to impact Synlait’s full year 2024 (FY24) results.”

Synlait has been under pressure for some time with reduced sales, revenue and earnings forecasts, as well as restructuring to cut costs that has taken longer than expected to implement.

Montgomerie said the latest events highlighted investor concerns about Synlait.

“The market’s been nervous on Synlait’s recovery, broadly speaking, for some time and it just adds fuel to the fire in terms of the degree of uncertainty out there with respect to the future profitability in the business.”

Synlait said it had renegotiated its banking facilities, giving it working capital and credit facilities worth a total of $480 million for the next one to two years, although it had to make a prepayment of at least $130m by early next year.

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/498230/a2-milk-cancels-exclusive-supply-agreement-with-synlait

Tags: businesscancelsExclusive
Previous Post

Service sector activity contracted last month, says BusinessNZ

Next Post

Franz Josef tourism businesses see summer rush on the horizon

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 2025
Neanderthals could be brought back within 20 years — but is it a good idea? – Live Science

Could Neanderthals Walk the Earth Again in 20 Years? Unveiling the Exciting Possibilities and Risks of De-Extinction

October 26, 2025
Former L3Harris cyber director charged with selling secrets – theregister.com

Former L3Harris cyber director charged with selling secrets – theregister.com

October 26, 2025
The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

The Anti-Tech Backlash Is Gaining Unstoppable Momentum

October 26, 2025
‘Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates – FOX Sports

Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates

October 26, 2025
World Series 2025: Dodgers’ worst-case scenario plays out as Blake Snell, bullpen crumble in Game 1 vs. Blue Jays: ‘Not a good feeling’ – Yahoo Sports

World Series 2025: Dodgers’ Nightmare Unfolds as Blake Snell and Bullpen Collapse in Game 1 vs. Blue Jays

October 26, 2025
“Bending, not breaking”: The global economy’s new normal – J.P. Morgan

Bending, Not Breaking: Embracing the New Normal of the Global Economy

October 26, 2025
Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

October 26, 2025
80,000 Coloradans projected to drop health insurance amid premium spike – KUSA.com

80,000 Coloradans Expected to Lose Health Insurance as Premiums Soar

October 26, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (887)
  • Economy (908)
  • Entertainment (21,779)
  • General (17,812)
  • Health (9,949)
  • Lifestyle (921)
  • News (22,149)
  • People (909)
  • Politics (918)
  • Science (16,119)
  • Sports (21,408)
  • Technology (15,888)
  • World (891)

Recent News

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version