Press Release
15 October, 2026, 11:50 am
Last modified: 15 October, 2026, 11:51 am
Meghna Cement Mills PLC and Bashundhara Industrial Complex Limited have signed a memorandum of understanding with China's Guangxi Yufeng Co Ltd on cement technology transfer and strategic investment cooperation.
The agreement was signed at Bashundhara SuperGolf in Dhaka, establishing a framework for technology transfer, technical expertise exchange and investment cooperation, according to the press release.
Under the MoU, Guangxi Yufeng will provide investment and technological support to the two Bangladeshi companies. The parties will continue discussions to determine the scope and implementation of the collaboration.
Safwan Sobhan, chairman of Safwan Bashundhara Global, signed the agreement on behalf of Meghna Cement Mills and Bashundhara Industrial Complex. Lei Zhenbin, chairman of Yufeng Cement, signed for the Chinese company.
The agreement reflects the parties' shared commitment to exploring technology transfer and opportunities for substantial strategic investment.
Held under the theme "Bangladesh and China: Building the Future Together", the ceremony highlighted their interest in strengthening bilateral business ties and supporting the development of the cement sector.
Shahed Zahid, chief operating officer of Safwan Bashundhara Global, and other officials of the organisation attended.
The Yufeng Cement delegation included Lei Zhenbin; Deng Yucong, assistant to the general manager; Deng Yulian, deputy chief engineer; and other officials.
Other guests included Yee Zhenhong, general manager of Sino BD Energy Pvt Ltd; Qin Yanxiong, chairman; and Wei Guanghai, chairman of Younhai Mining Group.
The companies said the MoU marked an important step in their relationship. They expect the partnership to create opportunities for technology and expertise exchange and contribute to the continued development of Bangladesh's cement sector.