Bashundhara Industrial Complex, Meghna Cement sign MoU with China’s Guangxi Yufeng

Bashundhara Industrial Complex Limited (BICL) and Meghna Cement Mills PLC (MCMPLC) have signed a memorandum of understanding (MoU) with China’s Guangxi Yufeng Co Ltd to explore technology transfer and strategic investment opportunities in the cement sector.

The MoU was signed at a ceremony held at Bashundhara SuperGolf in the capital’s Bashundhara Residential Area on Wednesday under the theme “Bangladesh & China: Building the Future Together”.

Under the agreement, Guangxi Yufeng will provide investment and technological support to BICL and MCMPLC. The three companies will also explore opportunities for sharing technical expertise and transferring cement-related technologies.

Safwan Sobhan, Chairman of Safwan Bashundhara Global, represented BICL and MCMPLC at the signing ceremony. He signed the agreement alongside Lei Zhenbin, Chairman of Yufeng Cement.

Shahed Zahid, Chief Operating Officer of Safwan Bashundhara Global, attended the event along with other officials from the organisation.

Speaking at the ceremony, Zahid said the partnership could help improve supply chain management amid market volatility, disruptions to shipping routes and supply chain challenges caused by conflicts around the world.

He added that they hoped to draw on the Chinese company’s expertise to upgrade their technologies and make production processes more efficient.

The Chinese delegation also included Deng Yucong, assistant to the general manager at Yufeng Cement, and Deng Yulian, deputy chief engineer, among others.

Yufeng Cement Chairman Lei said his company is one of China’s oldest and largest cement manufacturers, with an integrated supply chain and advanced manufacturing technologies.

“Yufeng Cement is very grateful for this opportunity to cooperate with Safwan Bashundhara Global in changing and building the cement industry in Bangladesh together,” he said, expressing hope that the partnership would help strengthen ties between Bangladesh and China.

The companies will continue discussions to finalise the scope of the proposed investment and determine the steps required to implement the partnership, according to the MoU.

The agreement reflects their shared interest in strengthening business ties between Bangladesh and China and supporting the development of Bangladesh’s cement industry. The proposed collaboration is expected to create opportunities for technology transfer, knowledge sharing and strategic investment, contributing to the growth of the country’s cement sector.

Other guests at the ceremony included Qin Yanxiong, Chairman of Sino BD Energy Pvt Ltd; Yee Zhenhong, General Manager of Sino BD Energy Pvt Ltd; and Wei Guanghai, Chairman of Guangxi Yuanhai Mines Group.