In addition, Synlait opened a new infant
formula packaging facility in Auckland in November 2017, built at a cost of NZD55m ($ 38.4 m).
The shares soared to $ 2.70 in mid-November — despite the company recording modest sales revenue — largely on the strength of the potential in China and a small stake in a Melbourne infant
formula packaging facility acquired by a large Hong Kong - based consortium.
Not exact matches
«Our
facility is very versatile, and we can take our customers from the R&D of new
formulas to production and
packaging.