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BUSINESS SECTORS
The company launched the processing plant and
fishing vessel, Nakhoda 1, in efforts to increase
exporting yellowfin tuna to Japan. The company
also has plans to export to China, Europe and
North America in the near future.
Yamako Pacific (Brunei) Sdn Bhd is a joint
venture between Japanese-centric Yamako
Pacific group and Brunei.
Nakhoda 1 is an 18-metre, 350 horsepower
custom-built vessel which is equipped with the
latest technology for sustainable tuna fishing.
The vessel is owned by YP Nakhoda, a sister
company of Yamako Pacific.
The state-of-the-art processing plant is equipped
with Japanese proton freezer technology and
cold room facilities, handling up to 10 tonnes
of tuna landing and processing 3.5 tonnes of
finished products per day. The company invested
BND2.5 million into the processing plant and the
fishing vessel.
The company also trains local fishermen to
maximise the quality and value of the fish they
catch, while ensuring that they get fair and
transparent international prices for their catch.
With the support from the government, the
company is looking to expand its capacity by
building a larger facility and acquiring new
vessels within the next five years, to cater to
the strong international demand worth an
estimated export value of BND45 million per
annum.
The involvement of Yamako Pacific (Brunei)
Sdn Bhd is expected to see an increase to 60
tonnes in fisheries output in 2018, and to 3,600
metric tons by 2022, with an estimated value of
BND47 million a year.
The company began exporting products worth
BND90,000 to Japan in May 2018, in a trial
container. The company is expecting to reach
a turnover of BND3 million in 2019, double
the figure within the same year and hit BND12
million by 2020.
Brunei is also currently considered one of
the largest producers of rostris blue shrimp
in the world, thanks to high-technology and
computerised farming techniques.
The country is poised to be the world’s largest
producer, fast overtaking New Caledonia, a
country with a high gross domestic product (GDP)
per capita in the Asia-Pacific region, and rich in
mining and agricultural resources.
The Fisheries Department has set a target to
increase aquaculture revenue from BND9 million
in 2015 to BND400 million per year by 2020.
MPRT has put in place a five-year strategic
plan to increase aquaculture output for export
markets, including welcoming proposals and
initiatives by companies or farmers wishing to
venture into projects to develop new hybrids
and open collaboration in areas of applied
research and development (R&D).
Golden Corporation
Golden Corporation Sdn Bhd, one of the major
shrimp producers in the country, last year
targetted an additional production of at least
2,500 tonnes of blue shrimp when it acquired an
additional land lease for a 200-hectare onshore
aquaculture farm in Mukim Telisai, Tutong
District. It hopes to export to the European Union
and Australian markets.
Golden Corporation, together with Semaun
Marine Resources Sdn Bhd (SMR), operates the
country’s first seafood processing plant at its
Multi-Purpose Marine Resources Processing and
Business Centre in the Tutong District.
There are also other companies that produce
blue shrimps in the country, such as Helif
Aquaculture Sdn Bhd that focusses on the local
market, especially seafood processing plants.
The company’s Farm Marketing Manager Chong
Chya said the farm produces around 250 tonnes
of shrimps per year at its 16-hectare prawn
breeding area in the Mentiri Zone II.
The local market can consume about one metric
ton per day, and therefore the majority of the
produce in the country should go into exports.