The Daily Corporate Desk
Dhaka, 15 October 2026: Meghna Cement Mills PLC and Bashundhara Industrial Complex Limited have signed a memorandum of understanding (MoU) with China’s Guangxi Yufeng Co Ltd to explore 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 a 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, while Lei Zhenbin, chairman of Yufeng Cement, signed for the Chinese company.
The signing ceremony was held under the theme “Bangladesh and China: Building the Future Together”, highlighting the parties’ interest in strengthening bilateral business ties and supporting the development of Bangladesh’s cement sector.
Shahed Zahid, chief operating officer of Safwan Bashundhara Global and other officials from the organisation attended the event.
The Yufeng Cement delegation included Lei Zhenbin, Deng Yucong, assistant to the general manager, and Deng Yulian, deputy chief engineer, along with 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 marks a step towards closer cooperation, with potential opportunities for technology and expertise exchange and further development of Bangladesh’s cement industry.
