The MoU was signed on Wednesday during a ceremony held at the Bashundhara Super Golf in the capital. Safwan Sobhan, Chairman of Safwan Bashundhara Global, signed on behalf of Meghna Cement and BICL, while Lei Zhenbin, Chairman of Guangxi Yufeng, signed on behalf of the Chinese firm.
Under the agreement, the Chinese enterprise has agreed to provide substantial investment and technological support to Meghna Cement and BICL. Additionally, both parties will work jointly to transfer modern cement manufacturing technology, develop technical skills, and streamline production processes. Further discussions will continue to outline specific areas of collaboration and implementation strategies.
Addressing the event themed "Bangladesh and China: Building the Future Together," speakers noted that this partnership will strengthen bilateral commercial ties while playing a pivotal role in modernizing Bangladesh’s cement industry. By combining the experience, technology, and expertise of industrial enterprises from both nations, the alliance is expected to boost manufacturing capabilities and pave the way for future joint investments.
Shahed Zahid, Chief Operating Officer (COO) of Bashundhara Industrial Complex, stated that Guangxi Yufeng brings extensive expertise in enhancing operational efficiency across cement plants and industrial facilities. He highlighted that this cooperation would be crucial in navigating current global market volatility, maritime shipping complexities, and supply chain disruptions caused by regional conflicts. He added that leveraging Guangxi Yufeng’s technological know-how will make supply chain management more efficient while helping local teams upgrade their technical capabilities.
Lei Zhenbin, Chairman of Guangxi Yufeng, expressed delight over the opportunity to collaborate with Safwan Bashundhara Global and contribute to the transformation of Bangladesh’s cement sector. He emphasized that Sinoma Xiamen, associated with their network, is one of the oldest and largest entities in China’s cement manufacturing industry, equipped with integrated supply chain management and advanced production technology.
The event was attended by senior officials from Meghna Cement Mills PLC, BICL, and Safwan Bashundhara Global. Representatives from Guangxi Yufeng included Deputy Chief Engineer Deng Yulian among other executives. Also present were Qin Yanxiong, Chairman of Sino BD Energy Private Limited, General Manager Ye Zhenhong, and Wei Guanghai, Chairman of Yunhai Mining Group.
Meghna Cement and BICL reaffirmed that the MoU creates fresh avenues for technology transfer and expertise sharing, laying a strong foundation for capacity expansion, enhanced operational efficiency, and future joint ventures in the country's cement industry.
