B.Mirror Desk: Meghna Cement Mills PLC and Bashundhara Industrial Complex Limited (BICL) have signed a Memorandum of Understanding (MoU) with China’s Guangxi Yufeng Co., Ltd. to increase production capacity, use modern technology and create new investment opportunities in the country’s cement industry. Under this agreement, technology transfer, exchange of technical knowledge and strategic investment opportunities will be worked on between the companies.
The MoU was signed at a function organized at Bashundhara Supergolf in the capital on Wednesday. Safwan Sobhan, Chairman of Safwan Bashundhara Global, signed on behalf of Meghna Cement and BICL. On the other hand, the company’s chairman Lei Zhenbin signed on behalf of Guangxi Yufeng.
According to the agreement, the Chinese company has agreed to provide significant investment and technical assistance to Meghna Cement and BICL. In addition, the two parties will work together to transfer modern cement production technology, improve efficiency and make the production process more efficient. Discussions will continue at a later date to determine the specific areas of cooperation and implementation methods.
At the event organized under the theme ‘Bangladesh and China: Building the Future Together’, speakers said that this partnership can further strengthen commercial relations between Bangladesh and China and play a role in the modernization of the country’s cement industry. The combination of the experience, technology and expertise of the industrial enterprises of the two countries will create opportunities to increase production capacity and expand the scope of joint investment in the future.
Shahed Zahid, Chief Operating Officer (COO) of Bashundhara Industrial Complex, said, “Guangxi Yufeng has significant experience in improving the efficiency of cement factories and industrial enterprises. This cooperation can be important in addressing the current instability in the global market, the complexity of transporting goods by sea, and the obstacles created in the supply system due to wars in various regions.”
He said, there is a plan to make the supply system more efficient and effective by utilizing Guangxi Yufeng’s technical knowledge and experience. In addition, one of the objectives of this partnership is to improve our own production processes and technical capabilities by gaining experience from them.
Lei Zhenbin, Chairman of Guangxi Yufeng, said, Sinoma Xiamen is one of the oldest and largest enterprises in China’s cement production industry. The company has an integrated supply system and advanced production technology in the cement industry. They are happy to have the opportunity to cooperate with Safwan Bashundhara Global in addition to further strengthening the relationship between Bangladesh and China. They want to contribute to the transformation and development of the cement industry in Bangladesh through joint ventures.
Officials from various levels of Meghna Cement Mills PLC, BICL and Safwan Bashundhara Global were present at the event. On behalf of Guangxi Yufeng, Deng Yulian, Deputy Chief Engineer of the company and other officials were present.
In addition, Qin Yanxiong, Chairman of Sino BD Energy Private Limited, Ye Zhenhong, General Manager, and Wei Guanghai, Chairman of Yunhai Mining Group were present at the event.
Meghna Cement and BICL said that this agreement with Guangxi Yufeng will create new opportunities for technology and experience exchange. Through this, the two companies hope to increase cement production capacity, improve the efficiency of industrial enterprises and pave the way for future expansion of joint ventures.