date:Jun 25, 2013
und 40 percent of the company.
Synlait Milk competes with Fonterra, the world's largest dairy exporter, to produce New Zealand-made milk powder to ship overseas for use in products ranging from milk formula to cheese to feed a growing middle class in emerging countries.
It is one of several small New Zealand companies operating in China's $12.4 billion milk formula market which has grown 12-fold since 2002 as more mothers join the workforce and spend less time breastfeeding.
The company, whic