Malaysia’s bird nest processor MYMBN Bhd is planning to acquire a Chinese company to expand its reach in China.
Presently, MYMBN only processes and exports raw unclean edible bird’s nests (RUCEBN) to China, which made up almost 99.6% of the company’s revenue in 2022.
MYMBN Executive Director Lavernt Chen said Malaysia is the only country that can export RUCEBN, and the company has secured the General Administration of Chinese Customs of the People’s Republic of China (GACC) licence to enable the export to the country.
The company is in the process of acquiring a company in China to cater to the demand for raw clean edible bird’s nests (RCEBN). Chen said, “We will have 80% share of the company, and the transaction is expected to be closed in the 2nd half of 2023.”
RCEBN produces higher margins that will lead to higher selling prices. MYMBN is also in the process of acquiring a new facility to cope with the increasing demand. Chen said MYMBN’s annual processing capacity has increased from 18,432kg to 23,040kg, translating to 72.8% of capacity utilisation rate.
“The capacity and operations expansion is essential to house MYMBN’s international operations that comprise the processing area, warehouse and office.”
MYMBN is also planning to establish 3 bird’s nest collection centres in Sabah and Sarawak to increase capacity. “Sabah and Sarawak have more than 450 swiflet houses with identification registrations and Malaysian Good Agricultural Practice certifications from the Department of Veterinary Services,” added Chen.
