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Synlait Milk Limited (NZX: SML) has decided to retain its Pōkeno facility following an in-depth strategic review of its North Island operations. The company announced it will focus on enhancing the financial performance of this asset, believing it has identified a clear pathway to profitability. Chief Executive Grant Watson stated that this decision will allow Synlait to streamline operations, with Pōkeno concentrating solely on advanced nutrition products, rather than raw milk processing. This move is part of Synlait’s broader strategy to improve overall profitability and efficiency across its New Zealand operations.
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