There are more problems for struggling dairy processor Synlait.

The Canterbury-based organisation told yesterday's Australian securities exchange that more than half of its 280 suppliers want to leave.

It comes after the company posted a $96 million half year loss in April.

Ashburton-based supplier Willy Leferink told Mike Hosking that it's a company problem, not an industry one.

He says Synlait overstretched themselves when they built a plant in the North Island a couple years ago and made some other regrettable decisions.

LISTEN ABOVE

There are more problems for struggling dairy processor Synlait. 
The Canterbury-based organisation told yesterday's Australian securities exchange that more than half of its 280 suppliers want to leave. 
It comes after the company posted a $96 million half year loss in April. 
Ashburton-based supplier Willy Leferink told Mike Hosking that it's a company problem, not an industry one. 
He says Synlait overstretched themselves when they built a plant in the North Island a couple years ago and made some other regrettable decisions. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...