Bashundhara Industrial Complex and Meghna Cement Mills signed a memorandum of understanding with China based Guangxi Yufeng Co Ltd to explore technology transfer and strategic investment. Daily Sun first reported the deal on 14 October 2026. The signing ceremony took place at Bashundhara SuperGolf in the capital on Wednesday under the theme Building the Future Together.
Guangxi Yufeng will provide investment and technical support to the Bangladeshi firms under the terms of the agreement. The three companies plan to share technical expertise and transfer cement sector technologies. Safwan Sobhan, chairman of Safwan Bashundhara Global, represented his side at the event. Yufeng Cement chairman Lei Zhenbin signed the agreement alongside him.
Shahed Zahid, chief operating officer of Safwan Bashundhara Global, attended the ceremony alongside other company officials. He stated that the partnership could help improve supply chain management amid market volatility, shipping route disruptions and global conflicts. He added that the firms hope to learn from the Chinese company to make production processes more efficient.
The Chinese delegation included Yufeng Cement chairman Lei Zhenbin, assistant to the general manager Deng Yucong and deputy chief engineer Deng Yulian. Lei Zhenbin stated that his firm is one of China’s oldest and largest cement manufacturers with an integrated supply chain and advanced manufacturing technology. He expressed gratitude for the opportunity to work with Safwan Bashundhara Global to develop the local cement industry.
The companies will continue discussions to finalise the scope of the proposed investment and map out steps for implementation. Other guests at the ceremony included Sino BD Energy general manager Yee Zhenhong, alongside Younhai Mining Group chairman Qin Yanxiong and chairman Wei Guanghai. Both sides expect the partnership to create opportunities for strategic investment and knowledge sharing to support the growth of the local cement sector.